Signing the appropriations bill passed by the State House of
Assembly, on Thursday, Abiodun said he would ensure full implementation of all
the items on the bill to sustain the momentum of Building Our Future Together
Agenda of his Administration.
“This budget is reflective of what the people of Ogun State
want. I can assure you that on our part, we will ensure implementation of the
budget.
“Through this budget, our people will enjoy the full
dividends of democracy”, he noted.
He thanked the Speaker and members of the House of Assembly
for their diligence that culminated in the passage of the budget before the end
of 2022.
Abiodun had presented the N472,250,694,447.58 Budget of
‘Continued Development and Prosperity’, consisting of N270.41bn for capital projects,
while N201.84bn was earmarked for recurrent expenditure, barely a month ago.
The signed budget has adjustments in the recurrent and
capital estimates and projected revenue in 31 different areas across 26
agencies.
The passage of the bill entitled: ‘H.B. NO. 084/OG/2022-Year
2023 Appropriation Law-A Bill for a Law for the Appropriation of the sum of
Four Hundred and Seventy-Two Billion, Two Hundred and Fifty Million, Six
Hundred and Ninety Four Thousand, Four Hundred and Forty-Seven Naira,
Fifty-Seven Kobo Only from the Consolidated Revenue Fund for the Service of
Ogun State Government, Nigeria for the Financial Year Ending Thirty-First Day
December, Two Thousand and Twenty-Three’, was consequent upon the presentation
of the report of House on November 17.
Ogun State House of Assembly passed the Bill as presented by
the Committee on Finance and Appropriation led by its Chairman, Olakunle
Sobunkanla, who also moved the motion for its adoption, seconded by his deputy,
Ganiyu Oyedeji and subsequently supported by the Whole House through a
unanimous voice vote.
The Bill was later read and adopted clause-by-clause by the
Committee of Supply presided over by the Speaker, Olakunle Oluomo, during the
plenary held at the Assembly Complex, Oke-Mosan, Abeokuta.
According to the report, the recurrent expenditures of 22
MDAs were reviewed, while the capital expenses of four others were also
adjusted; thus the adjustments led to a reduction in the proposed capital
expenditure contained in the budget from the initial N270, 411, 239,527 to
N269,605,938,723.32, resulting in N805.3m difference, while the recurrent
expenditure was increased from N201.839bn to N202.644bn giving an increment of
N805.3m.
Thereafter, the Majority Leader Yusuf Sheriff moved the
motion for the third reading of the Bill, seconded by the Deputy Speaker,
Hakeem Balogun and supported by the Whole House, while the Clerk/ Head of
Legislative Service, Mr. ‘Deji Adeyemo did the third reading of the bill before
the members.
Responding on the floor of the House, Oluomo directed that
the clean copy of the bill be transmitted to the governor for his assent.
A breakdown of the budget indicated that personnel expenses
would gulp N79.47bn, while N21.12bn was meant for social contribution and
social benefits, with N39.90bn earmarked for public debt charge and N61.35bn
for overhead cost.
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