Lagos lawmakers spend N200 million on end-of-year party amid economic hardship

The Lagos State House of Assembly, under the leadership of Speaker Mudashiru Obasa, has come under fire from civil society organizations (CSOs) and concerned citizens for reportedly spending over N200 million on an end-of-year party.

The event, held at the Assembly complex, featured performances by musicians and elaborate fanfare, sparking outrage amid Nigeria’s worsening economic conditions and Lagos State’s mounting debt profile.

The extravagant celebration comes at a time when residents of Lagos and Nigerians nationwide are grappling with skyrocketing inflation, depreciating currency, and dwindling purchasing power.

Critics argue that such ostentatious spending is insensitive and reflects poor prioritization of public funds.

“This is an affront to Lagosians who are struggling to survive. While families are struggling to put food on their tables, lawmakers are spending millions on frivolities,” a source told Reporters.

The controversy surrounding the Assembly’s expenditure is further amplified by Lagos State’s deteriorating financial health.

A recent audit revealed that the state incurred a staggering N578 billion in foreign exchange losses in 2023 alone. This figure dwarfs the state’s capital expenditure for the year, which stood at N314 billion.

“These acts demonstrate a blatant misuse of public resources. It’s time for accountability and transparency in the Lagos State House of Assembly,” another source said.

The latest revelation has prompted calls for anti-corruption agencies to investigate the Assembly’s financial practices.

Activists have urged the Economic and Financial Crimes Commission (EFCC) to probe the alleged misuse of public funds, particularly the recent N200 million party expenditure.

“We demand a thorough audit of the Lagos Assembly’s financial records.

“Public officials must be held accountable for their actions, especially when they prioritize luxury over the welfare of the people,” the source added.