Almost a month after Governor Dapo Abiodun presented the 2021 Appropriation bill of N339bn to the Ogun State House of Assembly, the house has on Tuesday, passed the 2021 Appropriation Bill of N338.6bn with slight adjustments in recurrent and capital expenditure.
Mr Olakunle Sobukanla who is the Chairman, House Committee on Finance and Appropriation, had, during plenary in Abeokuta, presented the report of his committee on the budget before the whole House.
The total recurrent expenditure was increased from N141.7bn to N146.5bn, while capital expenditure was reduced from N176.6bn to N171.8bn.
The report also indicated that there were adjustments in the recurrent expenditure of 29 agencies and the capital expenditure of 27 others.
While Sobukanla said the revenue targets of 18 ministries/agencies were modified, he stated that internal loan was equally reduced from N98.3billion to N95.7bn.
In the report also, the new revenue projection had been put at N121.8bn as against the initial N119.1bn.
Sobukanla said the capital receipt was also slashed from the initial N142.1bn to N139.5bn, a reduction of N2.6bn.
He later moved the motion for the adoption of the report, which was seconded by the Minority Leader, Ganiyu Oyedeji, and unanimously supported by all the lawmakers through a voice vote.
The Speaker, Olakunle Oluomo thereafter read report clause-by-clause to the lawmakers.
The Majority Leader, Yusuf Sheriff moved the motion for the third reading, and it was seconded by Oyedeji, while the Clerk, Deji Adeyemo, read the bill for the third time.
Following the passage of the bill, Oluomo directed that the clean copy be sent to the governor for assent.