By Michael Adesanya/ Abeokuta
Ogun State Governor, Prince Dapo Abiodun has presented a budget of N449.90 billion before the Ogun State House of Assembly for the year 2020.
The budget, which was christened ”budget to build our future together” was presented to the house at the Assembly Complex, Oke-Mosan, Abeokuta.
The current budget has an increment of N49.674 billion as against N400.3 billion of 2019.
Abiodun said the proposed spending consists of Capital expenditure which stands at N269,132 billion, which amounts to 60% of the total, and Recurrent Expenditure of N180, 842 billion, which stands 39.69 percent .
He further explained that salaries and allowances stand at N83.238 billion, while pension and gratuities account for N25.945 billion, which stands at 18 percent of total expenditure.
The governor noted that N71.659 billion, which accounts for 16 percent, was set aside for overhead cost.
He maintained that his administration’s five cardinal programmes would benefit from the budget.
He enumerated that the sum of N107.964 billion was earmarked for Infrastructural development, which stands at 24 percentage of the total budget; the sum of N128.067 billion was earmarked for Social Well-being and welfare, at 28 percent; while the sum of N91.609 billion naira was proposed for Education, which is 20 percent.
Others are; Youth Empowerment gets N7.896 billion naira, which is two percent, and Agriculture is N21.634 billion naira, at five percent.
The Governor said his administration has put action plan in place to ensure prudent financial management of the stat’s resources.
Meanwhile, the Assembly, through it’s Speaker, Olakunle Oluomo said the house would not support the hate speech bill at the National, insisting it would gag the media as well as silence the masses.
He revealed that the 9th Assembly had so far passed eight bills and 10 resolutions, disclosing that the house has ensured proper monitoring of finances allocated to 2019 budget.
Oluomo said the house has been able to maintain cordial and peaceful relationship with the Executive Arm of government and therefore promised more support.
The Speaker, however promised that the house would give necessary attention to the Appropriation bill and ensure its passage within shortest time.