The Ikorodu Local Government, Lagos State, has presented a N4.1 billion 2025 budget proposal to its legislative arm.

Mr Wasiu Adesina, Executive Chairman of the local government, while addressing the legislative arm of the council on Tuesday, said the budget was 15.8 per cent above the 2024 approved appropriation.

The News Agency of Nigeria (NAN) reports that the budget was tagged “Budget of Consolidation .”


According to him, the Internally Generated Revenue (IGR) of the council is projected at N112.800,000million and the state co-ordinated revenue is put at N62.500,000million, while the total recurrent expenditure is N2.736,732,534billion.

Adesina said the projected allocation from the federation account is N1,467,785,220.86k and value-added tax (VAT) is estimated at N2.300,079,893,38 billion.

He said that other allocations stood at N105,567,420.20k

The chairman said the budget was anchored on three core pillars; infrastructure renewal, human capital development and economic empowerment.

He said that his administration was committed to advancing on infrastructure development agenda by prioritising the construction, rehabilitation, and maintenance of roads, drainage systems and public utilities.

Adesina,reiterated his commitment to stimulating local activities, supporting Small and Medium-scale Enterprises (SME’s) as well as agricultural ventures, and creating employment for youths and women.

He said education and health care remained pivotal to his administration’s development goals, adding that the council had allocated substantial resources to improve the quality of education in schools.

Adesina appreciated stakeholders, community leaders and residents of the local government for their unwavering support and trust in the administration.

“Let us remain steadfast in serving our people diligently, upholding the principles of good governance and fostering unity within our community,” he said.

Speaking after the presentation, Mr Adebola Ajayi, Leader of the legislative arm, commended the chairman and the management team for their thorough and responsible efforts in preparing a comprehensive budget.

He said the legislature would scrutinise and vet the budget proposal with utmost care, ensuring its alignment with the needs of Ikorodu people, particularly in areas such as youths empowerment and community development.

“Today’s budget presentation marks an opportunity for us to exercise our legislative authority effectively.


“Our goal is to ensure that public funds are utilised with the highest level of transparency and accountability for the benefit of the community,” he said.