Gov Abiodun presents N339bn budget proposal for 2021

0
126
…promises to build befitting House of Assembly complex

The Ogun State Governor, Prince Dapo Abiodun on Wednesday presented a budget estimate of N339bn as the 2021 Appropriation Bill to the state House of Assembly.

The budget is tagged ‘budget of recovery and sustainability’.

Breakdown of the budget proposal showed it comprised recurrent  expenditure of N162bn and the capital expenditure of N177 bn.

Speaking extempore after he had presented the budget, the governor promised to build a befitting state House of Assembly complex, as the Speaker had earlier stated that apart from his office and that of his deputy, all other offices of lawmakers lacked ante-rooms.

In the new budget, the administration also targeted N119bn as Internally Generated Revenue in 2021.

He also estimated statutory allocation as N59bn while capital receipt which comprised internal and external loans including grants and Aid was expected to be N142bn.

He added that substantial part of the 2021 recurrent cost estimate was allocated to paying salaries and overheads in Ministries Departments and Agencies, providing critical services.

Giving further breakdown of the budget, he said Infrastructure would gulp N61bn, while social welfare and wellbeing got N93bn.

He explained that social welfare and well being include Health, Housing, Environment, Physical Planning, Women Affairs, etc, while Education, Youth empowerment and Agriculture  would gulp N58bn, N6bn and N15bn respectively.

Also the governor said Enablers which include statewide services, general public service, public debt charges, stabilisation fund, judiciary, legislature, pensions and gratuities would gulp N106bn.

Other key allocations made are Economic Affairs:​​​​​N75bn, General Public Services:​​​​N49bn,Health​​​​​​​ N35bn, Housing & Community Amenities N28bn, and Social & Environmental pprotection N5bn.

The governor who said the state had its share of COVID-19 pandemic and the #ENDSARS protests, added that his administration would be creative in shoring up its Internally Generated Revenue.

He also hinted that his administration would resuscitate the payment of bursary to all Ogun State indigenes in tertiary institutions across the country.

 He said the bursary payment had been suspended for over eight years, adding that  he directed the Commissioner for Education, Science and Technology to work out the modalities for its immediate implementation. 

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here