Economy

Ogun Assembly Passes Supplementary Budget

Ogun State House of Assembly has passed the year 2022 supplementary Appropriation Bill of 100, 251billion naira into law, increasing the State’s capital expenditure by additional 70.9 Billion naira.

The passage of the supplementary bill which has now increased the initial 350.7billion naira 2022 Appropriation law to a new 450.98billion naira, followed the presentation of the report of the House Committee on Finance and Appropriation done by its Vice Chairman, Mr Ganiyu Oyedeji.

The bill was unanimously approved by the lawmakers at a plenary held at the Assembly Complex, Oke-Mosan, Abeokuta.
with slight adjustments in the recurrent expenditures of 47 agencies, just as the capital expenditures of 27 other agencies were equally reviewed.

Responding, Speaker ,Mr Olakunle Oluomo directed that the clean copy of the bill be transmitted to Governor Abiodun for his assent.

Oluwatoyin Adegoke

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