By Iyabo Adebisi
Oyo Government says the 2024 proposed budget will cushion inflation and sustain the state’s economy.
The state’s Commissioner for Budget and Economic Planning, Professor Musibau Babatunde said this during a 5-hour 2024 budget breakdown and analysis held at the Conference Room, Ministry of Finance, Secretariat, Ibadan.
Professor Babatunde said the outgoing 2023 budget of the state had been adjudged better economically as it had helped the state in achieving its key pillars by over 70 per cent.
He noted that the 2024 Budget proposal of 434 billion naira would better the state economically based on the inputs of the citizens, government officials executives and civil society organizations as it dwells on economic recovery plans.
According to Professor Babatunde, the recovery plans included plans towards reviving economic and agriculture units of the state with 1 billion naira and 300 million earmarked to smallholder farmers, agric-business trainees and small and medium enterprises with a singular digit.
Professor Babatunde said with the 2024 proposed budget there would be no industrial strikes through the cooperation of the civil servants, while the state state would ensure every taxable entity in person and organizations are moderately taxed for an eventful sustainable development plan of the state.
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