Ogun State proposes N221. 119b budget for 2017
• Shonekan, past govs, administrators witness occasion
Ogun State Governor Ibikunle Amosun has presented a budget proposal of N221.129 billion for 2017 to the House of Assembly.
The budget, tagged “Budget of Repositioning” had a 10.45 percent increase over the 2016 budget, which was N200.2billion.
The education sector had a lion’s share of N47.054billion representing 21.28 percent of the total budget.
The former Head of Interim National Government, Chief Ernest Shonekan, past governors and administrators of the state as well as monarchs were among eminent personalities that graced the occasion held at the Oke-Mosan, Abeokuta.
Amosun informed the 26-member House yesterday that it would be funded mainly by internally generated revenue (IGR) of N114.34billion, which represents 51.71 per cent of the budget.
Explaining the details of the budget, Amosun said the budget took cognizance of the five cardinal programmes of his administration, which was why “affordable qualitative education was taking the largest share of N47, 054,500,000, which is 21.28per cent of the budget.”
Other areas of the proposed budget were, efficient healthcare delivery, N15.105billion (6.83percent), agricultural production and industrialisation, N11.610billion (5.25percent), affordable housing and urban renewal, N28.574billion (12.92 percent) and rural and infrastructural development/employment generation, N44.201billion (19.99percnt).
The capital expenditure was N118.306billion (53.50percent) while recurrent expenditure was N102.823billion (46.50percent). Personnel cost, made up of salaries and Allowances stood at N62.73 billion while pension and gratuities accounted for N11.2billion, about 5.06percent of total expenditure. The balance of N28.89 billion which accounted for 13.07percent was set aside for the overhead costs.
The governor said the budget reflected his administration’s resolve to further minimise costs “and continually maximise and diversify the capacity of the state to generate revenues.”
Speaking on the performance of the 2016 budget, the governor disclosed that the budget as at October has recorded 56.2percent implementation despite the lean resources to prosecute some of the programmes in it.
Amosun, who commended the house and the entire people of the state for their unalloyed support for his administration also urged the house to give the proposed budget speedy passage.
Earlier in his welcome address, the Speaker of the House, Suraj Adekunmbi Ishola noted that the lawmakers had been trying all its efforts to ensure that the people of the state continue to enjoy the dividends of democracy.
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