The Lagos State Independent Electoral Commission (LASIEC) has revealed that the sum of 3.5Billion Naira will be spent on the forthcoming Local Government polls billed to hold July 24, this year.
The commission’s chairman, Justice Ayotunde Phillips, disclosed this during a chat with practitioners of community media.
She debunked the news making the rounds that the N85billion to access the bond market approved for the Governor by the House of Assembly as the commission’s budget for the polls.
Clarifying her position further, she said the commission’s budget for the last poll conducted in 2017 was N2.5billion but the review of costs incurred after the exercise showed that it was not enough.
According to LASIEC boss, the increase from N2.5billion to N3.5billion reflects the rise in the costs of operations and materials since 2017, noting that the funds are released in tranches because the administration is committed to many projects and programs.
The chairman said the effects of Covid-19 and the EndSARS protests took a huge toll on the finances of the Lagos State government.
She praised Governor Babajide Sanwo-Olu for his commitment to the sustenance of democratic institutions and development urging Lagosians to be patient for the delivery of impactful projects