Amosun presents N210.28b budget to Assembly

Amosun presents N210.28b budget to Assembly

Fola Akintomide

Ogun State Governor Ibikunle Amosun has presented a budget proposal of N210.28billion to the House of Assembly for the 2015 fiscal year.
The amount is smaller than the N210.29 billion budgeted and approved for the 2014 fiscal year with its performance appraisal of 68.34 per cent as at September 30.
Defending the “budget of continuity”, Amosun said it would be financed with revenue from federal allocation and Internally Generated Revenue (IGR).
The governor said the budget would focus on successful completion of projects, maintenance of completed ones and exploring other initiatives to develop the state.
A breakdown shows that Capital Expenditure would take N118.26billion (56 per cent); N92.09billion is earmarked for Recurrent Expenditure.
Of the amount allotted to Recurrent Expenditure, N50.15billion would be spent on salaries and allowances of workers; pension and gratuities take N10billion. The balance of N31.94billion goes to overhead cost.
The governor said the government would build housing estate in Sagamu, Agbara, Ijebu and other areas.
Amosun said the Appropriation Bill was very unique and germane because it spills into another political transition, hence the significance of partnering with stakeholders for the sustenance of the progress made by the administration.
He recalled that few weeks ago, the World Bank, in its 2014 Report, on “doing business in Nigeria,” rated Ogun State as one of the first five most improved states in the country.
The governor premised the rating on the massive infrastructural development, adequate security for lives and property as well as various reforms initiated by his administration in the last couple of years.
“It is clear that the state has witnessed remarkable progress since we took over the mantle of leadership. We have recorded laudable and enduring achievements in all the five cardinal programmes of our mission to rebuild Ogun.
“Our capital city, Abeokuta, now wears a 21st Century look. Major roads have been modernised with six-lane boulevards, complete with road furniture. The completed flyovers at Itoku and Sapon are easing traffic congestion significantly.”

Happenings Media