BUDGET OF RENEWED COMMITMENT: 2017 BUDGET SPEECH OF GOVERNOR OF OYO STATE, SENATOR ABIOLA AJIMOBI

2017 BUDGET SPEECH OF HIS EXCELLENCY, THE EXECUTIVE GOVERNOR OF OYO STATE, SENATOR ABIOLA AJIMOBI, DELIVERED AT THE OYO STATE HOUSE OF ASSEMBLY ON THURSDAY 29TH DECEMBER, 2016.

Abiola Ajimobi

It is with a deep sense of appreciation to the Almighty that I stand again before the Honourable members of the Oyo State House of Assembly, this 29th day of December 2016, to present the Oyo State 2017 budget proposals for consideration and passage.
Similarly, I heartily express my profound appreciation to the leadership and members of the Legislature for their unflinching support and cordial relationship with the Executive arm of government towards the realization of the repositioning agenda of our administration. My expectation and hope is that this will not only continue but wax stronger in our collective responsibility to propel Oyo State into an enviable position among the comity of states in Nigeria.

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.