2020 Budget: Ogun Signs Appropriation Bill Into Law

2020 Budget: Ogun Signs Appropriation Bill Into Law

David Ugbabe

The Ogun State House of Assembly on Friday passed the state’s 2020 Appropriation Bill of N449.97 billion into law. This is coming barely a month after Governor Dapo Abiodun had presented the budget proposal for the 2020 fiscal year before the state legislature for consideration.

The Chairman, House Committee on Finance and Appropriation, Mr Olakunle Sobukanla (APC -Ikenne), during the plenary in Abeokuta presented the report of his committee on the budget before the whole House. He stated that the appropriation bill had an adjustment to the capital expenditure leading to an increment of N2.1 billion for capital projects thereby increasing the capital expenditure from N269.13 billion to N271.23 billion.

Sobukanla added that the recurrent expenditure was reduced from N154.89 billion to N152.79 billion, and the N2.1 billion removed from the recurrent expenditure was added to the capital expenditure.

Therefore, Sobukanla, moved the motion for the adoption of the report, which was seconded by Sylvester Abiodun (PDP-Ijebu North 1), and unanimously supported by all the lawmakers through a voice vote.

Thereafter the bill was read clause-by-clause before the lawmakers by the Speaker, Olakunle Oluomo (APC—Ifo 1).

The motion for the third reading was moved by Majority Leader, Mr Yusuf Sherif (APC-Ado Odo Ota 1), seconded by the Minority Leader, Ganiyu Oyedeji (APM -Ifo 11), while the acting Clerk, Deji Adeyemo, read the bill for the third time.

Happenings Media