Ogun Assembly Passes N449.97bn 2020 Appropriation Bill - THE DAILY CRUCIBLE



Friday, December 27, 2019

Ogun Assembly Passes N449.97bn 2020 Appropriation Bill

From Ayobami Ife,

Ogun State House of Assembly has passed the 
N449.97bn Appropriation Bill, barely 24 days after it was presented to the state lawmakers by Governor Dapo Abiodun.

The lawmakers  retained the budget size but with an adjustment in the capital expenditure resulting in an increment of N2.1bn for capital projects, thus, moving the capital estimate upward from N269,132,349,884.46 to N271,232,349,884.46. 

The bill titled: HB. No. 032/OG/2019- Year 2020 Appropriation Law,  was passed on Friday during plenary presided over by Speaker Olakunle Oluomo at the Assembly Complex, Abeokuta, after the presentation of the report of the House Committee on Finance and Appropriation by Hon. Olakunle Sobukanla.

Sobukanla subsequently moved the motion for its adoption, it was seconded by Sylvester Abiodun and unanimously supported by all the lawmakers through a voice vote.

According to the report, which saw to the adjustment in the recurrent expenses of six agencies, capital estimates of nineteen others and the revenue targets of seven agencies; the recurrent expenditure was slashed from N154.896bn to N152.796bn, giving a reduction of N2.1bn in the recurrent expenditure, while the capital expenditure was moved from N269.132bn to N271.232bn giving an increment of N2.1bn.

The bill was thereafter read clause-by-clause before the lawmakers by the Speaker, 
the third reading of the bill.

In passing the bill into law, Oluomo, who commended his colleague - lawmakers and staff of the Assembly for their dedication and support which led to the timely passage of the bill, said  the prompt passage of the Appropriation Bill was a Christmas cum new year gift to Ogun people .

He directed that the clean copy of the bill be transmitted to the Governor for his assent.

The Daily Crucible  recalled that Governor Abiodun had on the 3rd of December, 2019 presented the budget proposal of N449.974 billion for the next fiscal year before the members of the State House of Assembly.

The budget christened "Budget to Build Our Future Together" has N269.132Bn representing (60.31%) for capital projects, with N180.842Bn (39.69%) set aside for recurrent expenditure, while salaries and allowances were put at N83.238Bn, just as pension and gratuities would take N25.94bn representing 18% of total expenditure with the balance of N71.659Bn resulting in 16% of the total budget earmarked for overhead cost.

The Governor did note that the annual fiscal estimate was targeted at reflecting the present administration's determination to deliver on its electoral promises to the people.

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