Abiodun signs Ogun’s N338.6 billion 2021 budget
Governor Dapo Abiodun, yesterday, assented to Ogun State’s 2021 appropriation bill of N338.6 billon.
Tagged “Budget of Recovery and Sustainability”, the document comprised recurrent expenditure of N162 billion (48 per cent of the total budget) and a capital expenditure of N177 billion (52 per cent).
A statement by the governor’s Chief Press Secretary, Kunle Somorin, said while passing the budget, the House of Assembly, on Tuesday, slightly adjusted the estimates.
The tinkering affected about 74 agencies, including the capital receipt, following the recommendations of the Kunle Sobunkanla-led House Committee on Finance and Appropriation.
The financial document was read and adopted clause-by-clause before the members by the Speaker, Olakunle Oluomo, during plenary, thereby passing a sum of N146.529 billion as earmarked for recurrent expenditure, N20.182 billion for Consolidated Revenue Fund Charges (CRFC), while N171.898 billion was allocated for capital expenditure.
Highlights of the budget as presented to the legislative chamber are infrastructure, N61 billion; social welfare and well-being, N93 billion (including health, housing, environment, physical planning, women affairs, etc); education, N58 billion; youth empowerment, N6 billion; agriculture, N15 billion and enablers, N106 billion, among others.
Signing the budget into law in Abeokuta, the governor assured the people that the state would strive to recover from the challenges engendered by the COVID-19 pandemic and forge ahead in the critical sectors of the economy as enunciated in the Act.
He commended the lawmakers for the speedy passage of the bill.
Abiodun said the timely signing would avail the state government the opportunity to implement the budget from January for the benefit of the people.
He warned against trivialisation of the existing COVID-19 protocols, saying: “The second wave of the pandemic is here, and some of our people still feel it is not something to be taken too seriously.
“The reality is that this second wave is more virulent than the previous. We must observe basic guidelines and stem the spread of the virus by wearing our face masks appropriately, washing and sanitising our hands and maintaining social distance.”
No comments yet