Lagos State Governor, Mr. Babatunde Fashola yesterday presented a budget of N497.277 billion for the 2013 fiscal year to the Lagos State House of Assembly. The proposed budget exceeds the year 2012 budget by 1.08 percent.
Fifty-four (54) percent of the proposed budget will be devoted to capital expenditure while the remaining 46 percent will be for recurrent expenditure as against the ratio of 53 to 47 percent for the year 2012.Overhead cost is made up of N139.173 billion, comprising overhead cost, N66,992 billion, dedicated expenditure N21,753billon, subvention N31, 892 billion, external debt charge of N0.609 billion, internal debut charge of N15, 938 billion and bond debt charge of N1.989 billion. Besides, the budget has a capital receipt of N22, 912 billion divided into grants N3 billion, investment income N0.332 billion, and other capital receipts of N19, 580 billion. See NNEWS SUMMARY FOR DETAILS
Federal Government yesterday reopened the Third Mainland Bridge for vehicular traffic about ten days ahead of schedule. Repair works on the bridge in the past 16 weeks gulped a total of N1,055 billion.
Speaking at the ceremony, Minister of Works, Architect Mike Onolememen said apart from the fact that the work was completed ahead of time the project was executed with a total sum of N1,055,477,608.16 and that repair work on the eight expansion joints in the bridge had further strengthened the structural integrity of the bridge.He commended President Goodluck Jonathan and the Lagos state Governor Mr. Babatunde Fashola for making sure that the work went on without any hindrance adding that the Federal Government would continue to carryout out routine maintenance of bridges across the country and that construction work on the Lagos –Ibadan Expressway would begin before the end of the year.
Governor of Lagos State, Mr. Babatunde Fashola
Lagos State Government yesterday warned residents of the state of a looming cyclone in about seven to fourteen days time.Commissioner for Waterfront Infrastructure, Prince Adesegun Oniru who made the revelation in Lagos said that the hurricane that has wrecked havoc in parts of United States of America is expected to have a ripple effect in a number of days adding that the warning was to alert residents of the state not to panic if they witness a cyclone of the magnitude of August 17, 2012.
He said the state government opted to give the warning based on past experience adding that nobody is allowed to stay within 100 metres from the Lagos Lagoon.“The time frame is from experience of what has happened in the past and in Lagos when any cyclone hits South America and because of our location to that part of the world, ripple effect takes place between 7 to 14 days so you don’t need to be an expert or a genius to know that”, Oniru said.The commissioner who said the incident may or may not happen called on residents of the state to be alert and stay indoors if they notice hurricane as anticipated.He said the Lagos State Government has put in place measures to give facelift to beaches like Mayegun, Alfa, Kuramo beach and some others that have in recent times been devastated by massive ocean surge adding that work is expected to commence very soon..
Lagos State Government said yesterday that at least seven corpses have been recovered from the scene of the boat that capsized on Sunday at Imude in Oto-Awori Local Council Development Area, adding that it has also rescued two people alive. Commissioner for Rural Development, Mr. Cornelius Ojelabi who announced the development said there were 11 people in the boat, which capsized on Sunday, throwing its occupants into the water.
“Two people were rescued and they are responding to treatment. The other nine persons in the boat drowned. Their bodies had been recovered completely and were buried yesterday CMonday), he said adding that the drowning of the nine persons were not as a result of natural disaster.According to him, they were victims of water pressure caused by a bigger and powerful speed boat, which over powered the canoe.”It was the pressure from speed boat that caused the canoe to capsize and not any natural disaster”, he said adding that the state government would investigate the incident further to prevent future recurrence”, the commissioner said..
By Emmanuel Ukudolo
PRESIDENT GOODLUCK JONATHAN has assured filmmakers in Nigeria that very soon they will be able to have access to the $200million Film Intervention Fund.The President who spoke through Minister of Petroleum at the premier of Rita Dominic’s film, The Meeting said government is working hard to put in place a frame work that would ease current bottlenecks in accessing the fund.He said he recently directed coordinating minister to create a new window under YOUWIN programme to avail short term funds for filmmakers. Details in LATEST NEWS
Franz Dickson a budding musician and voice over artiste speaks on breaking into the music industry
For many, breaking into the music industry might just be a very tall dream. But in this interview with Emmanuel Ukudolo, Franz Dickson, a budding musician and voice over artiste prescribes some of the ways that the would-be musician can get heard and make it big musically. Details in INTERVIEW
RENOWNED FILMMAKER, Mrs. Amaka Igwe who has been packaging BOBTV for years in form of film festival has finalised arrangement to launch QTV on DStv. We gathered that she hopes to use the cable channel to showcase top quality films and soaps to the Nigerian and International audience. Please join us for live broadcast every Thursday at 1:15 PM on Radio One, 103.5 FM