Home Business Oyo Assembly passes reviewed Appropriation Bill 2019 of N182bn

Oyo Assembly passes reviewed Appropriation Bill 2019 of N182bn

by Business News Report

The Oyo State House of Assembly has passed the State Appropriation review Bill (2019 budget) of N182,389, 434, 405.52. This followed the third reading of the Oyo State Appropriation Review and Finance Bill, 2019 , at the plenary, presided over by the Speaker, Mr Adebo Ogundoyin. The reviewed budget of N98, 769, 034, 202.03 only, was for Recurrent Expenditure while N83, 620, 400, 203.49 only, are for the Capital Expenditure, meant for the services of Oyo state in the year ending Dec. 31, 2019.

The N285 billion budget approved for 2019 fiscal year by the immediate past Governor of the State, Abiola Ajimobi, was a budget of transition. The budget was meant to consolidate on the gains of Ajimobi’s administration and prepare ground for smooth take–off of Gov. Seyi Makinde’s administration. The budget review was in pursuant to the resolution of the House on Thursday, August 29, 2019.

The Committee recommended that Gov. Seyi Makinde be commended for his magnanimity, in approving the release of 100 per cent subvention to all state owned Tertiary Institutions to fulfill payment of their staff salaries and other entitlements. The Executive arm of government was urged to pay priority attention to the implementation of the approved 2019 Capital expenditure of Ministries, Departments and Agencies (MDAs), to facilitate good governance in the state.

The state government was implored to provide necessary finances and logistic support, to all revenue generating MDAs to facilitate and improve their revenue generation to the coffers of the state government. Mr Olatunde Kehinde (PDP/Akinyele II) said Gov. Makinde was focusing more on education by giving 100per cent subvention to the education sector, in accordance with his campaign promise.

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