The Oyo State House of Assembly has commenced the review of the over N285 billion Budget approved for 2019 fiscal year by the immediate past Governor of the State, Senator Abiola Ajimobi.
The review followed the second reading of the Oyo State Appropriation and Finance bills 2019, during the plenary presided over by the Speaker, Hon. Adebo Ogundoyin.
The administration of Governor Seyi Makinde is seeking a reduction of the 2019 Budget by forty percent, putting the new proposed figure at N171 billion, as against the one earlier earmarked for the year under review.
The bills which passed through second reading at the plenary were later referred to the House Committee on Public Account, Finance and Appropriation .
Justifying the proposal, Speaker Ogundoyin said the 2019 Budget is an inherited Bill which does not really represent the direction the present government intends to go and the agenda it plans to pursue.
He urged members of the House Committee on Public Account, Finance and Appropriation to critically review the Budget in line with the vision of the present administration.
In their separate contributions, the Deputy Speaker, Hon. Abiodun Fadeyi, Majority Leader, Hon. Sanjo Adedoyin and the Minority Leader, Hon. Asimiyu Alarape, called for adequate review of the funds allocated to various Ministries, Departments, Parastatals and Agencies of government in the said Budget.