Oyo Assembly Passes 2022 Appropriation Bill Of #294.7 Into Law

The Oyo State House of Assembly has passed the sum of #294.7 as the 2022 Appropriation Bill into law.

This followed the third reading of the Oyo State Appropriation and Finance Bill 2020 at plenary presided over by the Speaker, Mr. Adebo Ogundoyin.

According to the reports presented by the Chairman, House Committee on Public Accounts, Finance and Appropriation, Mr. Akeem Mustapha, the sum of #139.5 (one hundred and thirty-nine point five billon naira was approved for recurrent expenditure while #155.1 (one hundred and fifty-five point one billion naira was approved for capital expenditure.

The state governor, Engr. Seyi Makinde had on 29 September, 2021 presented a budget of N294.5 billion to the State House of Assembly for the 2022 fiscal year, indicating that the budget passed by the House of Assembly was jacked up by over #188 million naira.

Speaker of the House, Mr. Adebo Ogundoyin said the lawmakers made frantic effort at ensuring that the budget review was done in line with the reality of the state revenue base.

Mr Ogundoyin assured members of the public that the state’s legislative arm of government should be held responsible should the budget is not used for what it is supposed, which is for the growth and development of the state.

Mosope Kehinde