Oyetola Presents N119.5 Billion 2020 Budget

Osun State Governor Gboyega Oyetola yesterday presented N119.5 billion 2020 budget before the state House of Assembly for consideration. Critical sectors like infrastructure, education, health, water and sanitation and agriculture top the list of sectoral allocations in that order in the fiscal estimate.
The 2020 budget, tagged “Budget of Restoration,” was according to the governor prepared with the sole aim of meeting the critical needs, yearnings and aspirations of the citizens in line with the state developmental plans.
On expenditure, personnel takes N36,465,191,230.00 (30.50 per cent); 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 N9,318,841,640.00 (15.06 per cent) followed by water and sanitation sector with N7, 581,241,350.00. (12.25 per cent), while N6,517,762,830.00 (10.53 per cent) was budgeted for the education sector.
Governance and administration sector has N4,323,555,790.00 (6.99 per cent) while N4,311,456,450.00 (6.97 per cent) was budgeted for health sector.Agriculture sector has N2,363,716,760.00 (3.82 per cent); security, law and justice sector, N1,425,784,530.00; environment sector has N736,347,190.00 (1.19 per cent); commerce and industry sector N638,851,490.00 (1.03 per cent); economic planning and budget sector N345,864,600.00 (0.56 per cent).
Others are information and communication N205, 380,210.00 (0.33 per cent) and social development and welfare N129,930,370.00 (0.21 per cent).
The governor, while addressing the House during the presentation of the budget, said his administration was irrevocably committed to raising the standard of living of the citizens by ensuring judicious implementation of the budgetary provision.
He said that the 2020 budget outlay was crafted based on the state 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 councils and one area office.
“I stand to assure the good people of Osun State that this administration will continue to pursue judiciously the formulation and implementation of policies, programmes and projects that will bring about the restoration and 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 the Osun State development plan 2019-2028, our major focus is to meet the yearnings of the good people of the state and the completion of the ongoing projects. Meanwhile, Speaker of the Assembly, Timothy Owoeye, promised that the House would not hesitate to give the appropriation bill a speedy passage.He said that the members would collaborate with the governor and other arms to move the state forward.

Story Credit: The Guardian



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