The Ogun House of Assembly on Friday passed the the state’s 2020 appropriation bill of N449.97billion into law.
Mr Olakunle Sobukanla (APC – Ikenne) , the Chairman, House Committee on Finance and Appropriation , had earlier during plenary presented the report of his committee on the budget before the whole House.
Sobukanla said that the appropriation bill had an adjustment to the capital expenditure leading to an increment of N2.1billion for capital projects .
He stated that the realignment moved the capital expenditure from N269.13billion to N271. 23billion
The lawmaker also added that the recurrent expenditure was slashed from N154.896billion to N152.796billion, with a reduction of N2.1billion.
He stated that the N2.1billion reduction in the recurrent expenditure was added to the capital expenditure .
Sobukanla, therafter, moved the motion for the adoption of the report , seconded by Sylvester Abiodun (PDP -Ijebu North 1) and unanimously supported by all the lawmakers through a voice vote.
The bill was thereafter read clause-by-clause before the lawmakers by the Speaker, Olakunle Oluomo (APC–Ifo1).
Mr Yusuf Sherif (APC–Ado Odo Ota 1), the Majority Leader, moved the motion for the third reading, seconded by the Minority Leader, Ganiyu Oyedeji (APM -Ifo 11) while the acting Clerk , Deji Adeyemo did the third reading of the bill.
OgunToday reports that Gov. Dapo Abiodun had on December 3 presented the budget proposal of N449.974 billion for 2020 before the members of the House of Assembly.