Oyetola signs 2023 Budget

Osun State Governor, Adegboyega Oyetola, last Thursday night, signed the 2023 Appropriation Bill into law. 

The House of Assembly passed the budget into law last Wednesday.

The 2023 budget estimate of N138 billion is tagged: “Budget of Consolidation”.

It has a Personnel Expenditure component of N45,450,655,060; Recurrent Expenditure, N53,755,885,370; total recurrent expenditure of N99,206,540,430 while Capital Expenditure stands at N39,059,447,710, making the total budget size of N138,265,988,140. 

Signing the Appropriation Bill into law in his office at Government Secretariat, Abere, Osogbo, Oyetola announced that the 2022 budget as of the third quarter had recorded 83 percent performance.

He noted that with the passage and signing of the Appropriation Bill into law, the January-December budget cycle has come to stay.

Earlier, the Speaker of the Assembly, Timothy Owoeye, commended the governor for making the January-December budget cycle a reality, noting that Osun has become an enviable state in the country as regards state budgeting.

“The January-December budget cycle is rightly put in place in the State of Osun. Our state is the first to do so in the country. I congratulate my colleagues for being dutiful and upright,” he said.