Makinde presents N294.5 billion 2022 budget to Assembly
• Allots 52. 97% to capital expenditure, 29.11% to infrastructure
• Targets agricbusiness as state’s economy driver
• Governor to lead workers on Independence walk
• Promises support to police, other security agencies
Oyo State Governor Seyi Makinde, yesterday, presented N294.5 billion as the budget proposal for the 2022 fiscal year.
In the budget, N156.1 billion is for capital expenditure, representing 52.97 per cent of the appropriation, while the recurrent expenditure is N138.5 billion, representing 47.3 per cent.
The budget, tagged: “A Budget of Growth and Opportunities,” N75.6 billion, representing 29.11 per cent, is allocated for infrastructure.
The governor, during presentation of the budget at the state House of Assembly, said his administration was determined to meet the yearnings of the residents for high quality infrastructure, hence the increased allocation to the sector.
In his remark, the Speaker of the state House of Assembly, Adebo Ogundoyin, said the early presentation of the budget was a milestone. He, therefore, promised that the House would give it timely and diligent consideration.
In the meantime, Makinde is set to lead political office holders and top civil servants on “Independence Day Walk” today, September 30, 2021 at 8:00 a.m.
Permanent Secretary, Ministry of Youth and Sport, Mr. Oludele Oyadeyi, dropped the hint yesterday in Ibadan.
He stated further that the take-off point would be the Government House Arcade, Agodi, Ibadan, while participants are expected to converge at the venue by 7:00 a.m.
Oyadeyi said that the mild physical exercise would take the governor and his entourage through Agodi Gate to Total Garden Area along the University College Hospital (UCH) to the State Secretariat.
MEANWHILE, the governor has pledged continuous support to the police and other security agencies in the state.
He stated this when he hosted the Inspector-General of Police (IGP) Usman Alkali Baba, in his office.
Besides, he requested the approval of another Mobile Police Squadron Base to be cited in Oyo town in the state.
He said the development would help to nip in the bud security challenges in the state.