His comments came ahead of election for the Speaker's post in the upcoming monsoon session of the Assembly.
"As acting Speaker, I have got an opportunity to be the Speaker of the House and I don't want to continue to hold this post.
"I have told my party (BJP) that I am not in the race for the post of Speaker," Lobo said while talking to reporters in his chamber.
"The Speaker means you have to be very neutral. You cannot take up issues of general public. You can only call government officers and get work done from them.
Lobo said the Speaker is a neutral position and when someone assumes that office he has to be impartial.
"I wanted to become the CM. The party has not done it. I am still waiting that they will do it," Lobo said.
The MLA said he does not want to become the Speaker even if the BJP forces him to take up the constitutional post.
"If the party forces me to become the CM, I will be ready, but if the party forces to become the Speaker I wont. I am happy as deputy speaker," he added.
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