Oyo State Governor, Seyi Makinde, yesterday, presented a budget of N310 billion to the state House of Assembly for the 2023 fiscal year.

While presenting the budget tagged: “Budget of Sustainable Development,” Makinde noted that his administration, in the last three and half years, had moved the state forward from poverty to prosperity, which he stated, has driven home accelerated development for the state.

The governor said that with the budget, the state would move from accelerated to sustainable development.

Makinde said he earmarked 49.79 per cent, which is N154.365 billion of the total budget as capital expenditure, adding that 27.65 per cent has been allocated for infrastructure.

Education, which he described as the bedrock of society, has the second largest allocation of 18.78 per cent while 11.73 per cent was allotted for health.

Speaker of the Assembly, Mr. Adebo Ogundoyin, assured that the lawmakers would not only ensure speedy passage of the budget but would also be aggressive in ensuring its implementation and monitoring to achieve the desired results.

Similarly, Ekiti State Governor, Mr. Biodun Oyebanji, has presented the 2023 Appropriation Bill of over N114. 4 billion to the state House of Assembly.

The proposed appropriation, christened “Budget of Strong Beginning,” was presented, yesterday, at the plenary presided over by the Deputy Speaker, Mr. Hakeem Jamiu.

The breakdown of the budget showed the recurrent expenditure of N80,362,578, 854, representing about 70 per cent, while the capital component is N34,062,085,464, representing about 30 per cent.

Further highlights showed that the personal expenditure stood at N22.5 billion, and the overhead component is N35.6 billion.

On the other hand, agriculture and rural development are put at N1.4 billion, while infrastructure and industrialisation are N15.7 billion.

Oyebanji, who promised to make life meaningful for the people, said the infrastructure sector would receive much attention.

He said to reduce the cost of governance, he had directed that MDAs would no longer sponsor seminars and workshops that add no direct value to the people.

In his address, the Deputy Speaker assured of the continued support of the legislature to deepen democracy in the state.