Gov. Abiodun presents N449.97bn budget proposal for 2020
Governor Dapo Abiodun of Ogun on Tuesday presented a budget proposal of N449.97billion for 2020 to the State House of Assembly.
The governor presented the budget Christened, “Budget to Build our Future Together ,” before members of the 9th assembly at the assembly complex, Abeokuta.
Abiodun said the proposal was made up of N269.132 billion capital expenditure, representing 60.31per cent and recurrent expenditure of N180.842billion, representing 39.69 per cent.
The governor said the 2020 budget proposal was based on his government’s resolve to reflect the determination to deliver electoral promises to the optimal level.
The governor said the state projected N254.946billion as revenue , while statutory allocation was expected to be N43. 431billion.
He said: “Personnel cost will be N109.183billion, salaries and allowances is N83. 238billion , while pension and gratuities will be N25.945 with overhead costs which stands at N71.659billion .
Abiodun stated that the proposed budget would be funded largely through Internally Generated Revenue (IGR).
The governor said that Infrastructure had the lion share of N107.964billion, followed by Social Wellbeing and Welfare, N128.06billion .
Abiodun noted that Education would gulp N91. 609billion , Youth Empowerment, N7. 896billion while N21. 634billion was earmarked for Agriculture and N92. 804billion would go for others
Abiodun explained that his administration would reform the machinery of government for good governance and peoples well-being by focusing on
Healthcare, Housing, Environment and Physical Planning, Water and Waste Management.
He said the present administration would guarantee food security, self-sufficiency and sustainability as well as the adoption of Value – Chain approach to Agriculture through small scale holder farmers.
“Our administration will also put in place a workable Public Financial Management System that eliminates leakages and ensures efficient and judicious use of our common wealth.
“As a matter of fact, we are currently reviewing the State Debt Management Strategy. We equally gave an Executive Order for the establishment of the Fiscal Responsibility Commission for prudent financial management of the States resources,” he said.
Abiodun noted that the present administration was committed to creating a better, enduring and prosperous state.
Delivering his speech, Mr Olakunle Oluomo , the Speaker, stated that the 9th Assembly had been able to pass eight bills and 10 resolutions since its inauguration on June 10.
Oluomo added that the legislature had equally ensured that funds appropriated in the year 2019 budget were expended on projects for which they were meant through its oversight functions.
The speaker said that while the executive arm of government was busy trying to change the face of the state , the legislature was occupied with its constitutional responsibilities of making laws for the good governance of the state.
The speaker also assured that the 9th assembly would not support Hate Speech bill , saying it would gag the press and silence the masses thereby preventing them from amplifying democratic development.
Oluomo assured that the assembly would give the necessary attention to the 2020 appropriation bill and ensure its passage within the shortest possible time.