Ogun assembly passes N100.25bn supplementary budget

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The Ogun Assembly on Friday passed the 2022 supplementary Appropriation bill of N100.25 billion into law.

The bill increased the State’s capital expenditure by additional N70.94billion, while recurrent expenditure would now gulp N182.48billion .

The passage of the supplementary bill has now increased the initial N350.73billion 2022 Appropriation law to a new N450.98billion.

Mr Ganiyu Oyedeji (Ifo 11), the Vice Chairman, House Committee on Finance and Appropriation presented the report of the committee during plenary in Abeokuta.

Oyedeji, thereafter , moved the motion for its adoption, seconded by Haruna Wahab (Yewa North 11) and supported by the whole House through a unanimous voice vote.

Consequently, the Speaker, Olakunle Oluomo (Ifo 1) , conducted the reading and clause-by-clause adoption of the sectorial allocations.

The bill was unanimously approved by the lawmakers with slight adjustments in the recurrent expenditures of 47 agencies, just as the capital expenditures of 27 other agencies were equally reviewed.

The process leading to the passage of the bill indicated that the recurrent expenditure was moved from N153.1billion to N182.48billion, just as capital expenditure was increased from N197.5billion to N268.49billion.

The expected internally generated revenue was increased from N153.17billion to N160.17billion creating a N7billion difference.

Mr Yusuf Sheriff (Ado Odo Ota 1) , the Majority Leader, moved the motion for the third reading of the bill , seconded by Oyedeji and supported by the Whole House.

Mr Deji Adeyemo, the Clerk of the House, did the third reading of the bill before the members.

Responding, Oluomo directed that the clean copy of the bill be transmitted to Gov. Dapo Abiodun for his assent.

The assembly had in December passed the 2022 Appropriation bill of N350.73 billion into law.

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