The Lagos State Ministry of Economic Planning and Budget has refuted claims suggesting that ₦4.2 billion in the 2026 budget was intended solely for office furniture and microphones for the Office of the Deputy Governor, calling such reports a misinterpretation of capital allocations.
In a statement released on Friday, the ministry explained that the ₦4,247,816,006 cited in the media represents the total capital allocation for the office for the 2026 fiscal year, not just funds for furniture and microphones.
“The total capital allocation for the Office of the Deputy Governor for Y2026 is ₦4,247,816,006. This figure has been incorrectly represented as an allocation solely for the purchase of office furniture and microphones,” the statement partly read.
The ministry further clarified that ₦4,077,816,006 of the total capital vote is designated for the reconstruction of the Round House complex.
“Out of the total capital expenditure of the office, the sum of ₦4,077,816,006 is earmarked for the reconstruction of the Round House complex (This is a 6-story building facility that houses over 50 offices), including structural upgrades, retrofitting works, and the provision of alternative energy infrastructure for the building, amongst others,” the statement added.
The remaining ₦170 million, the government explained, is meant for office equipment, furniture, and other related capital items.
“The balance in the sum of ₦170,000,000 of the budgeted capital allocated covers purchase of office equipment, office furniture & fittings and other capital items,” the statement noted.
For transparency, the ministry said screenshots of the relevant budget master sheet were attached for public review. It also urged stakeholders and media outlets to verify budget details through proper channels to prevent inaccurate reporting.
READ ALSO:
- Manchester City Defeat Arsenal To Win Carabao Cup At Wembley
- Baba Ijesha Addresses Prison Saga, Explains Events Leading to His Detention
- Why Nigerians Should Back Tinubu’s Second Term – Portable
- NDLEA Uncovers Drugs Concealed In Cartons, Creams, Winter Jackets At Lagos Airport
- Razaq Okoya’s Family Hosts Grand Eid-el-Fitr Celebration At Lagos Mansion
“The Government reiterates that budgetary provisions are guided by due process, fiscal discipline, and established accounting standards. Stakeholders and media organizations are encouraged to seek clarification through appropriate channels to ensure accurate reporting,” the statement concluded.
The ministry emphasized that the Lagos State Government remains committed to prudent management of public resources and expressed regret over any confusion stemming from the classification of budget items.