Economy

Ogun Assembly Passes 2023 Appropriation Bill

*Adjusts Estimates of 26 MDAs

Ogun State House of Assembly has passed a total of 472, 25 billion naira as the year 2023 Appropriation Bill, with adjustments in the recurrent and capital estimates and projected revenue in 31 different areas across 26 agencies.   

The passage of the Bill was consequent upon the presentation of the report of the House Committee on Finance and Appropriation by its Chairman, Mr Olakunle Sobunkanla, who also moved the motion for its adoption, seconded by his Vice, Mr Ganiyu Oyedeji and subsequently supported by the whole House through a unanimous voice vote. 

Thereafter, the Appropriation Bill was later read and adopted clause-by-clause by the Committee presided over by the Speaker, Mr Olakunle Oluomo during the plenary held at the Assembly Complex, Oke-Mosan, Abeokuta.

According to the report, the recurrent expenditures of 22 MDAs were reviewed, while the capital expenses of four others were also adjusted; thus the adjustments led to a reduction in the proposed capital expenditure contained in the budget from the initial of over 270 billion naira to 269.6  billion naira resulting in 805.3million naira difference, while the recurrent expenditure was increased by 805.3million naira. 

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

Governor Abiodun had barely a month ago presented the 472,25billion naira Budget of ‘Continued Development and Prosperity’, consisting of 270.41billion naira for capital projects, while 201.84billion naira was earmarked for recurrent expenditure.

Oluwatoyin Adegoke 

Subscribe to our Telegram and YouTube Channels also join our Whatsapp Update Group

pub-5160901092443552

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *