Yesterday marked the commencement of a pivotal retreat for Ojodu Local Council Development Area, Lagos State, as the Council gears up for the 2024 fiscal year with a theme centered on “community-driven budget”.
Chaired by the esteemed Executive Chairman, Hon. David Olusegun Odunmbaku, the retreat was convened at the prestigious AM 2 PM Hotels & Suites situated along Molipa Express in Ijebu Ode, Ogun State.
Earlier in the day, the management staff and Executive Committee members gathered to chart a course for inclusive and responsive fiscal policies.
The retreat commenced with an intellectually stimulating session by Dr. Olusoga Badejo, who expounded on the intricate dynamics of “coping with the fuel subsidy removal in Ojodu LCDA: The Challenges and Solutions”.
Dr. Badejo’s insightful discourse shed light on the localized impacts of the subsidy removal, offering strategic approaches to navigate the challenges and potential solutions tailored for the community’s welfare.
Continuing with the illuminating series of discussions, Mr. Ambali took the stage, articulating the profound impact of procurement plans on Local Government administration. His discourse delved into the intricacies of efficient procurement strategies designed to optimize resources, foster transparency, and bolster community-oriented initiatives within Ojodu LCDA.
The third lecture of the day was delivered by the erudite Mr. Patrick Omilani, emphasizing “Strategic Fiscal Planning on AI for Smart Government Budgeting”. His presentation underscored the integration of cutting-edge technologies, specifically Artificial Intelligence (AI), in formulating astute fiscal plans. Mr. Omilani highlighted how leveraging AI could result in smarter and more adaptive budgeting mechanisms, aligning with the LCDA’s vision of community-centric fiscal policies.
The retreat’s inaugural day served as a beacon of enlightenment and strategic discourse, setting the stage for collaborative efforts among stakeholders and policymakers in Ojodu LCDA. With the theme of “community-driven budgeting” resonating throughout the sessions, the retreat laid a strong foundation for inclusive and responsive fiscal frameworks tailored to meet the diverse needs of the local populace in the upcoming fiscal year of 2024.
The meeting climaxed with the discussion on the performance of the Y2023 budget. Hon. Odunmbaku charged the revenue-generating units and all stakeholders of the Council to intensify efforts on increasing the Council’s IGR by employing all available technology and ideas in order to achieve the administration’s objectives and ensure the citizens enjoy the dividends of democracy.