Politics

Gov. Abiodun Signs 2021 Appropriation Bill into Law

By Web News 655

Ogun State Governor, Prince Dapo Abiodun has signed the state’s 2021 Appropriation Bill into law 

Speaking after signing the document in Abeokuta, Governor Abiodun said the three hundred and thirty eight point six billion naira budget was realistic.

The governor, who promised to sustain the efforts towards enhancing the people’s wellbeing, said his administration would continue to pay attention to all ongoing projects across the state.

While pointing out that the budget was an important document for the developmental plans of his administration, the governor commended the state House of Assembly for the speedy passage of the Budget.

Governor Abiodun, who expressed concern over the rising prevalence of COVID-19 across the country, also used the occasion to encourage members of the state House of Assembly to embark on advocacy in their various constituencies towards curbing the spread of the virus. 

Earlier, the Speaker of the state House of Assembly, Prince  Olakunle Oluomo, who presented the clean copy of the Budget to the Governor Abiodun, said that the document had gone through necessary legislative procedures.

Bolanle Adesida

Religion

Ogun Assembly Passes 2021 Appropriation Bill

By Web News 663

The Ogun State House of Assembly, OGHA, has passed the Ogun State Appropriation Bill 2021 of 338.6 billion naira with slight adjustments in the recurrent and capital expenditures.

The unanimous passage of the bill followed the presentation of the report of the House Committee on Finance and Appropriation chaired by Mr Olakunle Sobunkanla, who later moved the motion for its adoption, and supported by the whole House through a voice vote.

The adjustment affected the total recurrent estimate which moved from 141.7billion naira to 146.5billion naira giving over 4.779billion naira difference, while capital expenditure was reduced from 176.6 billion naira to 171.898 billion naira, giving a total reduction of over 4.779billion naira.

On revenue side, the new revenue projection now put at 121.8 billion naira as against the initial 119billion naira, giving a difference of over 2.6billion naira, just as capital receipt was also slashed from the initial 142billion naira to 139.5billion naira resulting in a 2.6 billion naira decrease.  

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

Oluwatoyin Adegoke

Economy

Gov. Makinde Assents To 2021 Budget

By Web News 644

Oyo State governor, Engineer Seyi Makinde has signed the state’s 2021 appropriation bill of 268.8 billion naira into law.

Governor Makinde while assenting the bill at the Executive Council Chamber, Agodi-Secretariat, Ibadan said the 2021 budget with 70% performance target would accommodate more developmental projects for the state.

The governor who explained that the budget would increase the state’s response to economic challenges maintained that his administration would do the needful to achieve the fiscal sustainability of the budget.

It would be recalled that Governor Seyi Makinde had ordered the downward review of the 273.7 Billion naira budget earlier approved by the Oyo State House of Assembly to 268.8 Billion naira due to the need to achieve a favorable budget performance.

As a result, the 273.7 billion naira earlier approved has since been reduced and the budget was passed in the sum of 268.8 Billion naira on December 18, 2020, representing an increase of 2.2 Billion naira on the budget proposal of 266.6 billion naira submitted by the governor on November 24, 2020.

Iyabo Adebisi

Politics

Senate Passes 2021 Appropriation Bill

By Web News 730

Senate passes a budget of over N13 trillion for Year 2021, following a consideration of the report of the committee on appropriation.

The budget is predicated $40 per barrel with crude oil production at 1.86million barrel per day.

Exchange rate was pegged at N379 per dollar.

Read President Muhammadu Buhari’s speech at the budget presentation to the joint session of the national assembly.

Amaka Ene

Politics

Gov. Akeredolu Signs 2021 Appropriation Bill into Law

By Web News 616

Governor Oluwarotimi Akeredolu has signed the Ondo State 2021 Appropriation Bill into law

Endorsing the appropriation bill at his office in Akure, Governor Akeredolu expressed optimism that the new budget, tagged, “budget of hope” would move the state forward

Governor Akeredolu lamented that COVID-19 pandemic had greatly dragged the state’s revenue backwards and urged the residents to abide by all protocols put in place to contain the dreaded virus

The governor maintained that twenty-one percent of the budget would go for the ongoing projects while nineteen percent would be spent on education, especially the technical and technological aspects for economic reactivation

To rekindle the hope of the state, Governor Akeredolu pledged to lay the foundations of befitting government house for the Governor, Deputy Governor, Speaker and the Chief Judge.

Earlier, the Speaker of the House, Mr Bamidele Oleyeloogun said the appropriation bill received on 27th of last month had undergone thorough screening by the members of the House of Assembly

Mr Oleyeloogun hinted that the provision had however been increased from one hundred and seventy billion to one hundred and seventy four billion, eight hundred and seventy-three million, three hundred and five thousand, five hundred and twenty five naira, thirty kobo

Olorunferanmi Odofin

Politics

2021 Appropriation Bill Scales Second Reading in Ogun Assembly

By Web News 596

The Ogun 2021 Appropriation bill of Three hundred and Thirty-Nine Billion Naira has scaled second reading at the floor of the state’s House of Assembly.

Some of the lawmakers including Mr Abayomi Fashuwa, Mr Olakunle Sobukanla and Mrs Mudope Mujota described the bill as a financial instrument that would address infrastructural deficit, provide job opportunities, youth development and aid investment.

The lawmakers  spoke at the plenary presided over by the Speaker, Mr Olakunle Oluomo at the Assembly Complex, Oke Mosan , Abeokuta  

Opening debate on the bill, the Chairman, House Committee on Finance and Appropriation, Mr Olakunle Sobukanla , noted that the bill reflected current realities across  the world when considering the impact of COVID-19 pandemic.

Mr Sobukanla  explained that the bill was put together in line with international best practices in public finance and gave room for due diligence.

Other lawmakers stated that the bill made critical provisions for the needs of the people especially in the areas of infrastructures, education, youth empowerment and health, hence the need for quick passage of the bill.

They also called for an effective and efficient budget implementation for the benefit of the people, saying that it would bring more innovations to the state.

Responding, the Speaker, Mr Oluomo noted that the budget proposal presented by the Governor was moderate enough for the state at this point in time, calling on members to put all efforts in place for the passage of the bill before the end of the year. 

He thereafter, committed the bill to the House Committee on Finance and Appropriation for further legislative actions

Oluwatoyin Adegoke