The Cheer News
Breaking News

Abiodun Presents N450b Budget For 2020

Ogun State Governor Dapo Abiodun has presented an N449.97billion budget for 2020 with “Social welfare and wellbeing” taking the largest proportion.

Abiodun said the budget Christened, “Budget to Build our Future Together,”  was made up of N269.132 billion capital expenditure, representing 60.31per cent and recurrent expenditure of N180.842billion, which represents 39.69 per cent.

Governor Dapo Abiodun said the state projected N254.946billion as revenue, while statutory allocation was expected to be N43. 431billion.

Giving the sectors’ breakdown, Social Welfare and Wellbeing got the highest share of N128.067billion representing 28percent, while Infrastructure got N107.964bn  representing 24percent.

According to the Governor, education sector got N91.609bn representing 20percent, Agriculture takes N21.634bn which is 5percent while other sectors gulp N92.804bn representing 21percent.

the Governor said 67percent of the budget would be funded by Internally Generated Revenue (IGR) of N264.964bn and Statutory Allocation of N43.431bn.

He explained that his administration would reform the machinery of government for good governance and peoples well-being by focusing on Healthcare, Housing, Environment and Physical Planning, Water and Waste Management.

READ ALSO: How Political Forces Manipulating Kalu’s Trial – Abia Network Against Corruption

Governor Dapo Abiodun said the 2020 budget proposal was based on his government’s resolve to reflect the determination to deliver electoral promises to the optimal level. Responding, the Speaker, Olakunle Oluomo assured that the assembly would give the necessary attention to the 2020 appropriation bill and ensure its passage within the shortest possible time.

Related posts

Another Batch of 168 Stranded Nigerians Return from Libya

DANIEL OKOLIE

Buhari Arrives Daura For Sat Elections

EDITOR

7,000 Traffic Offenders Have Undergone Psychological, Emotional Test In 3 Years – FRSC

EDITOR

Leave a Comment

31 − = 23