Oyo increases 2020 state budget by N5bn

Olubunmi Osoteku, Ibadan

0
260

The Oyo State House of Assembly, has passed the State Budget for 2020, increasing it with a total of N5billion.

The Budget, which was increased to N213.7billion from the initial N208.8b sent to the lawmakers by Governor Seyi Makinde on November 27, was finally passed on Friday during plenary, after the Financial Appropriation Bill was passed earlier, late on Thursday.

As presented by Chairman, House Committee on Public Accounts, Finance and Appropriation, Mr Kehinde Olatunde, at plenary, said the Budget was composed of a recurrent expenditure of N110.4b and capital expenditure of N103.3b.

While presenting the report, Olatunde said the Budget would be better implemented if the Board of Internal Revenue blocks leakages in collection of taxes, incorporates the informal sector and automates tax collection.

As drafted by the Executive, the approved Budget sees the highest sums allocated to public infrastructure and public works, education, health and agriculture.

In a brief remark after taking the voice votes that gave the final approval to the Bill, the Speaker of the Assembly, Adebo Ogundoyin, expressed optimism that the Appropriation Bill for the 2020 fiscal year passed, would achieve at least 70 percent budget performance.

Friday plenary, which was the last for the year, also saw the lawmakers re-screening and confirming an earlier rejected nominated Transition Committee Chairman of Ogbomoso South Local Government Area, Mr Oyedokun Oyeniyi,

The re-screening is consequent upon a letter by Governor Seyi Makinde addressed to the Assembly, and read at Thursday’s plenary, that Oyedokun be re-screened, adding that all his paper works had been perfected.

Also, during the day’s legislative proceedings, the lawmakers screened and confirmed four nominees to serve as appointed members of the State Judicial Service Commission, as proposed by the Governor.

The nominees screened and confirmed are: Mr. Kehinde Akinwumi, Mr Ogunrinde Olatunji, Mr. Lateef Adetunji and Mr Wahab  Adedigba.

The House, however, adjourned sitting till January 28th, 2020.

 

Confidence Okwuchi