The Ogun State Governor, Prince Dapo Abiodun presenting the year 2022 appropriation bill christened “Budget of Restoration” to the Ogun State House of Assembly.
OGUN 2022 APPROPRIATION BILL: ABIODUN PRESENTS N351bn 'BUDGET OF RESTORATION
Ogun State Governor, Prince Dapo Abiodun, has presented a sum of N351bn as the proposed Appropriation Bill for the year 2022 before the House of Assembly.
Abiodun, while presenting the fiscal proposal christened 'Budget of Restoration', at the floor of the House of Assembly, Oke-Mosan, Abeokuta, said the main task of his administration in the coming year is to increase pace of the implementation of its development plan as already designed and encapsulated in the 'Building Our Future Together' agenda.
He noted that the budget for 2022 would also seek to sustain and improve on the gains so far made in the delivery of good governance to the people of Ogun State, saying the state under his watch, has begun moving very steadily towards full recovery from the effects of the COVID-19 pandemic.
Highlighting the proposed budget, the Governor announced infrastructure to take the lion share of N77,775b, representing 22% of the total budget.
This was followed by education and health sectors with proposals of N56,071.21b and N35,073.51b, representing 16% and 10% of the total budget, respectively.
Abiodun, however, noted that N170billion allocated to capital expenditure is to chart economic recovery growth through investment in physical projects that will create enabling environment for investment, create employment and trigger redistribution of resources.
He added a total sum of N7.7b is provided for transfers to the Stabilization
Fund to insulate and position the state towards unprecedented activities or economic shocks.
He said his administration's budget credibility as determined by performance in year 2021, was better than what the State has ever had in its history while noting that his administration was able to achieve 80 percent Internally Generated Revenue, as of September 30, 2021.The Governor thanked the State House of Assembly for its continued collaboration and cooperation within the ambits of the Separation of Powers, soliciting for its unflinching support to enable the the executive and the legislature collectively deliver on their promises in the coming year.
"Let me re-emphasize that the people of Ogun State expect that the 2022 Budget will contain only implementable and critical projects, which when completed, will significantly address current structural challenges of the economy, improve the business environment and accelerate economic recovery.
While directing all Commissioners, Accounting Officers and Heads of Agencies to be personally available for budget defence, Prince Abiodun appreciated the people for the trust and confidence they have reposed in his administration.
Earlier in his remarks, the speaker, Rt. Hon. Olakunle Oluomo, promised that members of the House would subject the Budget to legislative scrutiny by doing the needful, pleading with the Governor to pay Constituency Allowance to enable Lawmakers execute projects in their Constituencies.
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