Economy

Oyebanji Presents N113bn 2023 Budget to Ekiti Assembly

In Ekiti State, over One hundred and thirteen billion naira has been budgeted for the 2023 fiscal year.

The appropriation bill christened  “Budget of strong beginning” has projection of thirty-four billion naira as capital expenditure, while recurrent expenditure is pegged at about eighty billion. 

Presenting the 2023 budget before the members of Ekiti State House of Assembly, the State Governor, Mr Biodun Oyebanji said that capital expenditure represents thirty per cent, while the recurrent expenditure represents 70 per cent of the total budget estimate.

Governor Oyebanji explained that the budget was tailored after his administration’s six-point agenda for development, was aimed at enhancing good governance and improve on agriculture through equitable distribution of available resources as well as capacity building in the state.

Governor Oyebanji said that the budget implementation would be irrevocably committed to physical transparency and improved  Internally Generated Revenue IGR.

He maintained that the security of lives and property, rehabilitation of township roads, construction of an ultra-modern library,  and job creation would be prioritized.

The Governor however solicited the support and cooperation of civil servants, traders and other stakeholders in the efforts to make Ekiti a destination for investors.

Earlier, the Deputy Speaker,  Ekiti State House of Assembly, Honourable Hakeem Jamiu who presided over the sitting expressed optimism that the 2023 budget would sustain and improve on the pace of development in the state.

Honourable Jamiu assured that the Assembly would work on the budget proposal with a view to passing it into law as soon as possible.

He however pledged the support of the Assembly to the present administration to achieve the laudable programmes and policies that would lead to prosperity of people of the state.

Oriola Afolabi

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