Economy

Governor Oyetola Sign 2021 Budget Bill Into Law

The Governor of Osun State, Mr Adegboyega Oyetola has signed the 2021 Appropriation Bill of about 109 billion naira into law.

Signing the budget in his office, Mr Oyetola said the estimate would offer greater hope of job opportunities; improved welfare for all; human, capital and massive infrastructure development than the previous year.

The governor said his administration was resolved to follow time-tested economic principles to enhance optimum results of the 2021 budget.

He reaffirmed the administration’s commitment to employing creative and probity strategies in the implementation of the budget to effect maximum performance.

The governor who described the budget as a product of reality, said modalities had been put in place to ensure that the budget offered more hope as government is determined to perform better than before.

The Osun State helmsman maintained that, the state was on the path of delivering its development agenda in the year 2021 with 54 percent for capital and 46 percent for recurrent expenditure allocations and creative income strategies. 

He announced that the 2020 budget recorded over 90 percent performance and the results were demonstrated in the massive delivery of programmes and projects across the state during the year, despite the fact that government was only able to perform for less than six months because of the lockdown occasioned by the COVID-19 pandemic and the EndSARS protest.

While presenting the Year 2021 Appropriation Bill to the governor for signing, the Speaker, Osun State House of Assembly, Mr Timothy Owoeye, commended the governor for his sterling performance in the implementation of the 2020 budget.

Also speaking, the Commissioner for Budget and Economic Planning, Professor Olalekan Yinusa, maintained that the success of the 2020 budget was due to the ingenuity and proactiveness of Governor Oyetola in spite of the challenges witnessed during the year.

He said the 2021 budget was prepared based on realistic and stringent conditions to meet the statutory obligations.

Adenitan Akinola

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