Ekiti: Gov Oyebanji Presents Maiden Budget Of N113.6 Billion

By Ayodele Oni

Ekiti State Governor, Mr Biodun Oyebanji, on Thursday presented the maiden appropriation Bill of his administration to the state House of Assembly.

A total budget of N113. 6 billion was put before the house for the 2023 fiscal year.

The bill, christened “Budget of Strong Beginning”, was made up of N80.36billion for Capital Expenditure and N34.06billion for Recurrent Expenditure.

Mr Oyebanji explained that capital expenditure constituted 70 per cent of the Budget, while 30 per cent is for recurrent expenditure.

The Governor, explained that the budget will provide the roadmap for the implementation of his administration 6-point agenda.

According to him, the administration would  be irrevocably committed to openness, transparency and accountability towards ensuring  fiscal discipline in government activities.

Governor Oyebanji pointed out that the budget was prepared in accordance with global best practices, adding that the state Ministry of Budget and Planning will later give a detailed analysis of the budget.

Earlier, while welcoming the governor to the House for the first time as the Chief Executive of the State, the Assembly Deputy Speaker, Hakeem Jamiu assured that the Assembly will continue to build bridges of understanding and collaboration with the government for the betterment of Ekiti people.

He assured  that the House through its various committees will work towards early passage of the appropriation bill.

The Governor had earlier held meetings at the three senatorial districts of the state to interact with people on their various demands which they want the government to include in the budget.