The Agboyi Ketu Local Council Development Area, Kosofe Under the Executive Chairman of Mayor Dele Oshinowo, have demonstrated they feels the public pulse without arrogance, pride ego by holding 2020 Budget retreat in Kosofe putting a capital flight.
Capital flight is a large-scale exodus of financial assets and capital from a local Government due to events such as political or budget formulation processes without any economic benefit “equilibrium economy” to the the hosting commmunity, who obediently pay their levies and rates as and when due.
Some Local government accross the state left their domains and Lagos State held their budget retreat in Abeokuta and Ijebu Ode, All in Ogun State despite the good Hotels they have around paying rates and levies to their host local authority.
Apapa and Kosofe LG, organized budget retreat outside the State. Kosofe Local government held her 2019, 2020 retreat in Ogun State, where the Executive cabinet members, Council Manager, Council Treasurer, Council auditor, Legislative Arm respectively, spent two nights.
However, Agboyi Ketu Lcda as a pace setter today, has set another good governance precedent in Kosofe by holding the council 2020 budget retreat at De Meros Hotel and suites, Magodo, Kosofe, Lagos.
The Policy should be sustain in the subsequent retreats to promote and patronise made in Kosofe.
Contrary to the speculations that Ikosi Isheri Lcda, is comtemplating to take the Council retreat to General Oladipo Diya, Hometown, Odogbolu, Ogun State. A source who is not authorized to speak refutes the claims when contacted. However, did not disclosed where the council Budget retreat will hold.
It’s better late than never, We strongly believed Kosofe will amend its way come 2021 budget retreat and patronise either; Dawn Carrington Hotels and Suites (Formerly Ree-Danielles) at Ojota and Bannex Hotel and suites at the Chairman’s backyard and other 3 star Hotels in Kosofe respectively to; curb capital flight in the larger Kosofe.