Gov Oyetola Presents N129.7B Budget Estimate To Osun Assembly Against Year 2022

By Ayodele Oni

Osun state Governor, Mr Adegboyega Oyetola, on Tuesday, presented a total sum of N129.7B to the state Assembly as draft budget for the 2022 fiscal year.

Details of the Appropriation Bill revealed that infrastructure, education, health and  Agriculture sectors got large percentage of the budget.

The Budget was higher than that of this year  N109.8bn by over N20bn.

Christened “Budget of Sustainable Development”, it was anchored on the commitment of the administration to providing conducive living and working environment for the people of Osun state.

Total Recurrent Expenditure was N53,593,627,990.00, representing 41.30%, while Capital Expenditure was N76,162,822,800.00, representing 58.70% respectively.

A total sum of N26,609, 441, 740.00  went to Education; over N19 billion to Infrastructure Sector; about N16 billion to the Health Sector and about N7 billion to the Agriculture Sector.

Laying the budget before the lawmakers, Governor Oyetola said the estimate was aimed at further cementing and pursuing the policy thrust of his Administration, and consolidating various achievements so far recorded in each sector of the economy of the State.

“In view of the prevailing economic realities, the main focus of the budget would be aggressive improvement of the Internally Generated Revenue drive to ensure optimum performance in the coming years.

“Workable strategies have been put in place to boost the revenue of the State without putting unnecessary burden on the residents.

“In line with our administration’s commitment to ensuring that there are no abandoned projects in the State, all existing on-going road projects are being worked upon and will be delivered soon.

“This Administration has also embarked on massive construction and rehabilitation of roads across the State.

“We have laid important foundations for the development of our State’s economy over the past three (3) years with various developments in infrastructure, security, environment and major improvements in the Ease of Doing Business and growing our Internally Generated Revenue.

“We must now focus on gearing up the momentum of building on the achievements so far, and by so doing, delivering accelerated economic growth and development for all.”

Earlier, the Speaker, Mr Timothy Owoeye lauded the Administration of Governor Oyetola for prioritising accountability, probity and prudence in the management of the scarce resources accruable to the State.

He promised that the legislature would display the commitment needed to ensure speedy passage of the budget as it has been doing in the past saying “we will continue to play a supportive role to the executive arm to continuously.”