The Ogun state Governor, Dapo Abiodun has presented the sum of 449.90 billion naira budget before the State House of Assembly for the year 2020.
The proposed expenditure consists of Capital expenditure which stands at N269,132 billion which consists of 60% and Recurrent Expenditure of N180, 842 billion which stands 39.69 percent .
The budget which was christened ” budget to build our future together” was presented to the house at the Assembly Complex, in Abeokuta, The State capital.
The current budget has an increment of 49.674 billion as against 400.3 billion of 2019.
Salaries and allowances stand at N83.238 billion, while pension and gratuities account for N25.945 billion which stands at 18 percent of total expenditure.
Abiodun explained that, N71.659 billion which accounts for 16 percent was set aside for the overhead cost.
The governor maintained that, his government’s five cardinal programmes would immensely benefited from the budget.
He enumerated that, the sum of N107.964 billion was earmarked for Infrastructural development which stands at 24 percentage of the total budget, the sum of N128.067 billion was earmarked for Social Well-being and welfare at 28 percent, while the sum of N91.609 billion naira was proposed for Education which is 20 percent.
Others are; Youth Empowerment gets N7.896 billion naira which stands at two percent, Agriculture is N21.634 billion naira at five percent.
The Governor said his government has also put action plan in place to ensure prudent financial management of the state’s resources.
Meanwhile, the Speaker, Hon. Olakunle Oluomo said the house would not support the hate speech bill at the National, insisting it would gag the media as well as silence the masses.
He revealed that the 9th Assembly had so far passed eight bills and 10 resolutions, disclosing that the house has ensured proper monitoring of finances allocated to the 2019 budget.
Oluomo said the house has been able to maintain cordial and peaceful relationship with the Executive Arm of government and therefore promised more support.
The Speaker, however promised that the house would give necessary attention to the Appropriation bill and ensure its passage within shortest time.