Do you remember the Late Senator Sikiru Adebayo Oṣinowo – 4 terms; Rt. Hon. Mudashiru in his 5th term currently, and many others like that too, in the same Lagos State House of Assembly.
Please read and study the following equations and explanation:
Lagos State House of Assembly passed N1.758trn as budget for 2022.
The Recurrent expenditure is N591,280,803,486bn.
The Capital expenditure is N1.166,915,843,358trn.
Meanwhile, Lagos State Constituency (Development) Project Law set aside 15% of Capital Expenditure Budget to be distributed among the 40 Constituent Members of Lagos State House of Assembly, though to be given to them at installments of three-month quota.
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First of all, can we calculate 15% of N1.166,915,843,358 Trillion (approximately 1.2 Trillion Naira), which is the Capital Expenditure sum:
[15 ÷ 100] × 1.2 Trillion Naira = 180 Billion Naira.
This is Equation 1.
Second equation is to calculate how much is expected to be the quota of a Constituent Member representing one Constituency in that lump sum of 180 Billion Naira. Don’t forget that they are just 40 in number:
180 Billion Naira ÷ 40 Members = 4.5 Billion Naira per Member to be administered for Constituency Projects in their respective Constituencies for a whole one year, i.e 4.5 Billion Naira for One Constituency.
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This is Equation 2.
Then, let’s come to the third step which is how much is expected to be delivered to each Member at every 3 Month:
4.5 Billion Naira ÷ [12 months ÷ 3 months] = 1.125 Billion Naira after every 3 months.
That is a member is expected to deliver about 1 Billion Naira to his Constituency for Projects Development.
This is Equation 3.
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Now, let us give consideration for Governor’s influence and the influence of other factors like Godfathers and Godmothers, Political Urchins, bureaucracy compensations etc, and say like 30% to 40% (per cent) of the quarterly 1 Billion Naira is always been deducted, part of which form the money that goes into pockets of Big Politicians in Lagos, there should still be like 500 Million to 600 Million that accrues to Each Member after every 3 months.
Now my big question is this: this year is not over though, and I am not sure whether the first quota for this year has been disbursed to the Members, but let us look back at the last 3 years, does the Constituency Projects in, for instance, Badagry Constituency 1 of Lagos State looks like anything near 200 Million Naira in Value?
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