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Showing posts with label Assembly Speaker. Show all posts
Showing posts with label Assembly Speaker. Show all posts

Wednesday, 23 March 2016

OYO ASSEMBLY PASSES N173BN APPROPRIATION BILL INTO LAW

The Oyo State House of Assembly on Tuesday passed N173billion appropriation bill into law.
Governor Abiola Ajimobi had presented the budget for the 2016 fiscal year to the state legislature a few weeks ago.

The total figure was put at N173,769,404,444 billion by the state lawmakers.

The breakdown shows that N100,651,599,183 billion is for recurrent expenditure, while N73,117,805,261 billion is budgeted for capital expenditure.

The initial amount presented by the governor was N165,097,845,486 , but the recurrent expenditure now has an upward review of 8.7 per cent, capital expenditure 0.05 per cent and the budget size has a total increase of 5.2 per cent.