Ashimi Presents N12.6 Billion Budget For 2026.
Emmanuel lkpeama
The Executive Chairman of Somolu Local Government, Hon. Lateef Ashimi, has presented a budget of N12,576,677,393.00 for the 2026 fiscal year to the Legislative Council.
The budget breakdown includes N5,651,895,020 for recurrent expenditure and N6,009,614,665.46 for capital expenditure.
Ashimi emphasized the importance of synergy between the Executive and Legislature to drive growth and development in Somolu.
“Standing before the Councillors inside the Legislative Chamber is like home coming to me,I was once a Councillor,we all have a perfect working relationships,many,if not all of us , myself,Vice Chairman,Leader of the House and other Councillors were born,bread,trained,schooled and are living in Somolu,the Past relationship and the current relationship should naturally translate to a synergy between the Executive and the Legislature, which will ultimately forster growth and development to the good people of Somolu Local Government.”he said

He highlighted the administration’s achievements, including the commissioning of the Ultra Modern Council Secretariat, Senator Bayo Osinowo Legislative building, Fire Service Station, and Police Post.
“We know what the people of Somolu demand from us,We have listened to the Stakeholders.Let our relationship translate to positive actions immediately.”
We assumed office on 27th July,2025, the transition was very smooth.We immediately hit the ground running without any delay.
You will recall that we inherited this current Budget.There is no doubt that it yielded positive results to the residents such as the Commissioning of the Ultra Modern Council Secretariat named after the First Lady of Nigeria Her Excellency Senator Mrs Oluremi Tinubu OON,the Senator Bayo Osinowo Legislative building,The Fire Service Station and the Police Post.”
“Several other projects enjoyed the attention of the immediate past administration.All the on- going projects and the new ones will be completed if this Appropriation bill is given expeditious attention.”
“The people who voted for us are yearning for actions on project execution on Road construction in order to reduce traffic time,elongate the lifespan of our Vehicles, increase the Value of our Properties, enhance security and promote the Social wellbeing of our people, Health Care,Clean Environments,Sport Development,Youth empowerment etc.”
“The new and Previous roads will be provided with Solar Powered Street Lights .Our Public Institutions such as Schools, Primary Healthcare Centres will be provided with Solar Powered Lights.”he stated
Investigator news reports that the budget aims to address pressing issues such as road construction, healthcare, clean environment, sports development, and youth empowerment.
The administration plans to install solar-powered street lights on new and existing roads and provide solar-powered lights for public institutions like schools and healthcare centers.
The Leader of the House Hon James Tunde Oyeyiola assured the executive Chairman that the Appropriation bill will be carefully Scrutinized to ensure that resources are fairly and equitably distributed amongst Departments and Units in order to ensure that the residents enjoy full dividends of democracy.
The occasion was witnessed by the Vice Chairman Hon Taiwo Hassan Ojomu,Member, Representing Somolu Constituency 1 at the House of Assembly Hon. Abiodun Orekoya,APC Chairman Yomi Okuribido,APC Apex Leaders Hon Demola Olisa,Hon. Fatai Bakare,Hon. Gbolahan Bagostowe,Hon Williams Bamidele Lawanson.
Others are Madam Marian Omotanwa Salawu, Chief Imam of Somolu Local Government Sheikh Biliaminu Dabiri,CAN Representative Pastor Oyeniyi, Management team of Somolu Local Government., party Leaders,Youths and others.
