Oyetola Presents N119.5 Billion Budget For 2020
Osun State Governor, Adegboyega Oyetola, on Thursday laid before the State House of Assembly the 2020 appropriation bill put at N119, 550,401,040.00.
Critical sectors like infrastructure, education, health, water and sanitation and agriculture top the list of allocations in that order.
The 2020 budget, tagged “Budget of Restoration” was prepared with the sole aim of meeting the critical needs, yearnings and aspirations of the citizens in line with the state Developmental Plans, the governor said.
On Expenditure, personnel takes N36,465,191,230.00 (30.50%); Overhead has N20,009,802,760.00 and consolidated revenue fund takes N1,200,000,000.00.
Recurrent expenditure was put at N57,674,993,990.00 while the capital expenditure was put at N61,875,407,050.00.
The breakdown of the budget further shows that the Infrastructure sector takes the largest chunk with a total sum of N9,318,841,640.00 (15.06%) followed by Water and Sanitation sector with a sum of N7, 581,241,350.00. (12.25%), while N6,517,762,830.00 (10.53%) was budgeted for the Education sector.
Governance and Administration sector has N4,323,555,790.00 (6.99%) while N4,311,456,450.00 (6.97%) was budgeted for Health sector.
Agriculture sector has N2,363,716,760.00 (3.82%); Security, Law and Justice Sector, N1,425,784,530.00; Environment sector has N736,347,190.00 (1.19%); Commerce and Industry sector N638,851,490.00 (1.03%); Economic Planning and Budget sector N345,864,600.00 (0.56%).
Other are: Information and Communication N205, 380,210.00 (0.33%) and Social Development and Welfare N129,930,370.00 (0.21%) .
Addressing the House during the presentation of the budget, Governor Oyetola said the administration was irrevocably committed to raising the standard of living of the citizens by ensuring judicious implementation of the budgetary provision.
He noted that the 2020 Draft Budget was crafted based on the State of Osun Development Plan (2019-2028), Medium Term Sector Strategy (2020-2022), Thank You Tour Report and Department for International Development (UK-DFID) supported Citizens’ Need Assessment carried out in 30 Local Governments and one Area Office.
“I stand to assure the good people of Osun that this administration will continue to pursue judiciously, the formulation and implementation of policies, programmes and projects that will bring about the restoration and the sustainable growth of our dear State as will be unfolded in the proposed Year 2020 Estimates.
“Since the 2020 draft Budget is in line with State of Osun Development Plans, 2019-2028, our major focus is to meet the yearnings of the good people of the state and the completion of the ongoing projects.
“It is indeed with a high sense of duty, therefore, that I present the appropriation bill for the 2020 fiscal year. I, therefore, acknowledge the maturity, discipline and patriotism behind your individual and collective conducts so far in your bid to uphold the tenets of democratic governance”, Oyetola said.
The Speaker, Osun House of Assembly, Hon. Timothy Owoeye, promised that the House will not hesitate to give the appropriation bill a speedy passage.
He assured that the members are set and ready to collaborate with the governor and other arms to move the State forward.
“We are solidly behind you. Nothing can shake this government as I am confident that APC government has come to stay in Osun”, the Speaker added.
source : https://thenationonlineng.net/
...For the latest news update, Subscribe to our Whatsapp Channel (Click Here) and join our Telegram Update Group (Click Here)