The News Agency of Nigeria reports that the Clerk of the House, Mr Azeez Sanni, had read a letter by Gov. Babajide Sanwo-Olu requesting the reduction in the size of the budget on the floor by the House.
The Commissioner for Economic Planning and Budget, Mr Sam Egube, said the reordering became necessary in view of the slump in oil price in international market as well as the reduction in Internally Generated Revenue.
Obasa, at the plenary, directed that the House Joint Committees on Budget and Economic Planning and Finance to reduce the budget size of the state for year 2020 from N1.68 trillion to N920.5 billion.
The speaker said the committees were to report back to the House within one week.
He said, “Based on the governor’s request, the House will work assiduously to review the budget to refocus, reorder and take into consideration the current challenges.
The House also paid tributes to a former member of the Senate, who represented Lagos Central Senatorial District, Alhaji Muniru Muse, who died on Tuesday at 81.
“I want us to observe a minute silence for him and write a letter of condolence to his family,” she said.
The requests were later granted as the Speaker directed the Clerk of the House to write a condolence letter to the family of the deceased.
The House later adjourned sitting until Monday.