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Osun Governor Oyetola Presents N119.5 Billion Budget For 2020

Posted by: On November 14, 2019 || Categories: News


…infrastructure, education, health, agriculture take lion share

Osun
State Governor, Adegboyega Oyetola, on Thursday laid before the State
House of Assembly the 2020 appropriation bill put at N119,
550,401,040.00.

Critical sectors like infrastructure, education,
health, water and sanitation and agriculture top the list of allocations
in that order.

The 2020 budget, tagged “Budget of
Restoration” was prepared with the sole aim of meeting the critical
needs, yearnings and aspirations of the citizens in line with the state
Developmental Plans, the governor said.

On Expenditure, personnel
takes N36,465,191,230.00 (30.50%); Overhead has N20,009,802,760.00 and
consolidated revenue fund takes N1,200,000,000.00.

Recurrent expenditure was put at N57,674,993,990.00 while the capital expenditure was put at N61,875,407,050.00.

The
breakdown of the budget further shows that the Infrastructure sector
takes the largest chunk with a total sum of N9,318,841,640.00 (15.06%)
followed by Water and Sanitation sector with a sum of N7,
581,241,350.00. (12.25%), while N6,517,762,830.00 (10.53%) was budgeted
for the Education sector.

Governance and Administration sector
has N4,323,555,790.00 (6.99%) while N4,311,456,450.00 (6.97%) was
budgeted for Health sector.

Agriculture sector has
N2,363,716,760.00 (3.82%); Security, Law and Justice Sector,
N1,425,784,530.00; Environment sector has N736,347,190.00 (1.19%);
Commerce and Industry sector N638,851,490.00 (1.03%); Economic Planning
and Budget sector N345,864,600.00 (0.56%).

Other are: Information and Communication N205, 380,210.00 (0.33%) and Social Development and Welfare N129,930,370.00 (0.21%) .

Addressing
the House during the presentation of the budget, Governor Oyetola said
the administration was irrevocably committed to raising the standard of
living of the citizens by ensuring judicious implementation of the
budgetary provision.

He noted that the 2020 Draft Budget was
crafted based on the State of Osun Development Plan (2019-2028), Medium
Term Sector Strategy (2020-2022), Thank You Tour Report and Department
for International Development (UK-DFID) supported Citizens’ Need
Assessment carried out in 30 Local Governments and one Area Office.

“I
stand to assure the good people of Osun that this administration will
continue to pursue judiciously, the formulation and implementation of
policies, programmes and projects that will bring about the restoration
and the sustainable growth of our dear State as will be unfolded in the
proposed Year 2020 Estimates.

“Since the 2020 draft Budget is in
line with State of Osun Development Plans, 2019-2028, our major focus is
to meet the yearnings of the good people of the state and the
completion of the ongoing projects.

“It is indeed with a high
sense of duty, therefore, that I present the appropriation bill for the
2020 fiscal year. I, therefore, acknowledge the maturity, discipline and
patriotism behind your individual and collective conducts so far in
your bid to uphold the tenets of democratic governance”, Oyetola said.

The
Speaker, Osun House of Assembly, Hon. Timothy Owoeye, promised that the
House will not hesitate to give the appropriation bill a speedy
passage.

He assured that the members are set and ready to collaborate with the governor and other arms to move the State forward.

“We
are solidly behind you. Nothing can shake this government as I am
confident that APC government has come to stay in Osun”, the Speaker
added.

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