Mayor Olufemi Akanbi Okeowo presented the proposed 2025 Budget Appropriation Bill, tagged the “Budget of Sustainability”, to the 5th Legislative Council of Ifelodun Local Council Development Area (LCDA). The ₦11.08 billion proposal aims to sustain development momentum and improve the quality of life across the LCDA on December 23, 2024.
The budget allocates 48.3% (₦5.36 billion) for capital expenditure, 31% (₦3.40 billion) for operational costs, and 15.3% for personnel and pension costs. Revenue projections include federal allocations, VAT, exchange rate gains, and internally generated revenue, ensuring no capital loan burdens.
Mayor Okeowo’s administration has demonstrated exceptional sincerity and transparency in the judiciary use of funds, prioritizing projects and programs that bring joy and development to the people of Ifelodun.
Key achievements include:
– Distribution of free school materials and over 2,000 GCE and JAMB forms to indigent students.
– Financial assistance to 250 tertiary students.
– Provision of free medical services, an ambulance bus, and ongoing construction of an ultramodern healthcare centre.
– Construction and rehabilitation of multiple roads, installation of solar streetlights, and the construction of 14 water systems.
– Empowerment of over 500 residents with skills, tools, and financial grants.
Some dignitaries that attended are the Vice Chairman of the LCDA, Alhaja Adetoun Ojora-Adejiyan; former Member of the Lagos State House of Assembly, Hon. Famakinwa Adedayo Olufemi; some members of the G17 Apex body; Members of the Executive Council; the Chieftaincy council; the DPOs of Amukoko and Layeni Police Stations; Representatives of the NIREC; the management team and others.
Mayor Okeowo assured that his administration will continue to build on these successes, driven by a passion to make Ifelodun happy. With a proven track record of effective fund management and a commitment to transparency, the people of Ifelodun can trust that their interests will remain the top priority.
As the year comes to a close, Mayor Okeowo wishes the people of Ifelodun a joyous celebration and a prosperous 2025, filled with hope and renewed promise.