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Lagos: 2022 budget ‘ll be fully implemented – State govt

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By Lukman Olabiyi

Lagos State Government has assured that it would leave no stone unturned to ensure the full implementation of the 2022 budget.

Commissioner for Economic Planning and Budget, Sam Egube, accompanied by some members of the state executive council gave the assurance at a press briefing on the detailed analysis of this year budget, held at the Bagauda Kaltho Press Centre Ikeja.

Speaking on the 2022 budget estimates, Egube said the budget, christened “Budget of Consolidation” was a landmark in the history of the state both in its size and texture, adding that the approved budget was of 1.58 trillion naira made up of 1.167 trillion naira capital expenditure and 591. 281 billion naira recurrent expenditure

He said the budget analysis was a demonstration of the present administration’s commitment to complete all ongoing projects, massive infrastructure renewal and development towards rebuilding and actualizing a Greater Lagos.

The commissioner said the budget will focused on construction and completion of projects in the aspects of roads, traffic management, infrastructure, health, science, technology, sports, building of stadia across the five divisions and environment.

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Egube also stated that the objectives of the budget were tourism, Agriculture, food security, wealth creation, employment, human development, social intervention, Energy and Education Sector which included rehabilitation of Schools, Eko excel, among others.

He appealed to all the citizens of Lagos to participate in governance and fulfill their civic responsibilities by paying their taxes as and when due in order to ensure optimal performance of the budget.

Speaking earlier on evaluation last year’s budget, the commissioner said: “2021 budget of ₦1.257 trillion had a total revenue of ₦984.573billion and deficit financing of ₦271.994 billion; the Capital to Recurrent Ratio stood at 59:41 i.e., Capital Expenditure of ₦743.224 billion and a recurrent expenditure of ₦513.343 billion . As at November 30th, 2021, the budget posted a performance of 73%. Our revenue performance was 75%, while capital and recurrent expenditure performed at 65% & 83% respectively.

“The 65% performance of Capex is the result of our closure of the 100 billion bond transaction, which was over subscribed in December 2021. As a result, we believe that Capex performance will close at about 85% by December 2021. This therefore is expected to enable the state achieve a strong budget performance of about 89% by year end 2021 despite the daunting challenges in the year”.

In his remarks, the Lagos State Commissioner for Information and Strategy, Gbenga Omotoso, thanked the media for their supports urging them to be objective by giving an accurate reports of the 2022 budget analysis.

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From Mu, Delta, IHU to NeoCov, here is a list of the many variants of coronavirus

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From Mu Delta IHU to NeoCov here is a list of the many variants of coronavirus

 

The deadly coronavirus emerged from a wet market in Wuhan during the year 2019. Over two years and the world is still battling the virus and its variants. Here is a list of the variants

Mu variant

The ‘Mu’ variant was first reported in the United States during January 2021. The cases only numbered in the single digits.

The World Health Organisation continues to classify ‘Mu’ as a ‘variant of interest’ globally.

 

Alpha variant

The Alpha variant of coronavirus is believed to have gained ‘skills’ to successfully block the ‘innate immune system response.’

A research states that the variant blocks the airways sensors, thus stopping the process where these sensors ‘warn’ the immune system about the presence of a virus in the body.

Since the variant has learnt how to block the functioning of the sensors, the body is unable to produce any anti-viral protein interferon.

 

Beta variant

A scientist from the London School of Hygiene and Tropical Medicine and a member of Sage claimed, John Edmunds, warned that the Beta variant  may be able to evade Covid vaccines.

“The Beta variant has remained a threat throughout. It is probably less infectious than the Delta variant that is spreading here in the UK at the moment. Where it has an advantage is that it is able to escape the immune response to a better extent,” he said.

 

Gamma variant

The Gamma variant was first discovered in Brazil.

Samples of a study collected in Manaus between November 2020 and January 2021, highlighted that the Gamma variant is 1.4–2.2 times more transmissible.

It further showed that it is capable of evading 25–61 per cent of inherited immunity from previous coronavirus diseases.

 

Lambda variant

The variant was first reported in Peru during December 2020. As per NHS, the main symptoms include high temperature, continuous cough, a loss or change in the sense of smell or taste.

 

ALSO READ: 4 covid safety behaviours the NHS is asking people to do as Plan B restrictions lifted

 

 

The Delta variant of coronavirus was responsible for a wave of cases in most countries. It was first identified in India and it led to a second wave in the nation.

 

Delta variantCDC claimed that the Delta variant is twice as contagious as earlier variants; and might could cause more severe illness.

Those affected by the Delta variant experience fever, cough, loss of taste, smell, as well as extreme tiredness. Sore throat, headache and diarrhea are also less common symptoms.

 

 

 

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Binatone launches new rechargeable fans, blenders in Nigeria

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Electronics manufacturing firm, Binatone Nigeria has launched new rechargeable fans into the Nigerian electronic market along with two new models of blenders and steam irons.

Managing Director of Global Appliances Nigeria Limited, distributors of Binatone products in Nigeria, Mr Prasun Banerjee said in a statement that the new rechargeable fans were of high quality designed to run on battery for up to five hours on high speed.

“The RCF -1855 rechargeable standing fan is a high quality fan designed to run on battery for up to 5 hours on high speed, and up to 10 hours on low speed, with up to nine speed controls and a timer that can run for up to nine hours. The rechargeable fan is really an energy efficient solution to the power problems mostly found in the Nigerian household,” he stated He said the new blenders and irons were cost effective and available in all parts of the country. He said the blenders are the newest entries into the affordable range of top quality of blenders in the Nigerian appliances market stressing that the product provides the high quality Binatone assurance along with the comfort of affordability and accessibility.

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“They are built with overheat protection technology along with a 300-Watt Long Life turbo motor which is sure to ensure users get the best value for your money. These blender jugs come with the Binatone proprietary unbreakable jugs while the SI – 1830 steam iron comes with non-stick ceramic base for easy gliding over fabric, with a variable steam burst to protect your fabric and provide the most hands-on ironing experience,” he noted. Stressing that all Binatone products comes with a two year warrantee, Mr Banerjee disclosed that the company maintains an efficient after sales service across Nigeria.

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Akande presents horse to Oyetola

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Former governor of Osun State and first interim National Chairman of the All Progressives Congress (APC), Chief Bisi Akande, on Thursday evening presented a horse to Osun State Governor Adegboyega Oyetola adding that the governor should ride the animal to power.  Governor Oyetola had after his strategic engagement tour of Ila Federal Constituency, visited Baba Akande at his residence in Ila.

The tour was part of the statewide consultation to the nine Federal Constituencies in Osun through which the governor has been fraternising with the newly elected APC executives at the wards and local government levels. The visit was also to inform them and party members of his intention to participate in the party’s forthcoming primaries in preparation for the July governorship election.  The highly symbolic presentation of the horse to Governor Oyetola by Chief Akande was seen as a declaration of unalloyed support for the person and candidature of Oyetola.

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Horse, political pundits say, symbolises strength, power, freedom, triumph, heroism, nobleness, stamina, tireless, confidence and intelligence.

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