A group, Democrats for Checks and Balances (DCB), yesterday urged the Lagos
State House of Assembly to be careful in its handling of Governor Babatunde
Fashola's Supplementary Budget.
It said its advice became imperative because the budget will be financed through
bonds.
It said the position of the House on the bond issue has underscored the doctrine
of the separation of powers, especially the independence of the legislature.
The group wondered why governors would borrow funds to implement projects at the
twilight of their tenure, stressing that the approach is incompatible with
developmental trends in the world.
But a member of the state executive council said "the government meant well by
the additional budget proposals that would fast track the development of the
state". He urged the lawmakers not to politicise the matter.
In a statement by its leader, Allan Olaniran, the group said no focused
governments can finance budgets by uncertain means at a time they are trying to
keep low debt profile.
It said creative governance is about creating wider opportunities for progress
and prosperity through sound budgetary implementation, without imposing greater
economic burden and massive debt strains on the people after the implementation.
The group praised the Assembly, led by Speaker Yemi Ikuforiji, for sticking to
the best legislative practice and defending the future of Lagosians, stressing
that "the future generation should not suffer the agony of reckless debt."
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