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Ajimobi presents N152bn budget

15 January 2013, 16:05

Oyo -  Gov. Abiola Ajimobi of Oyo State on Tuesday in Ibadan presented a  budget proposal of N152.12 billion for 2013  to the state House of Assembly for approval.

Ajimobi said that the budget which was tagged,  ``Budget of Transformation,’’ was made up of a recurrent expenditure of N82.97 billion and N69.15 billion capital vote.

According to the governor, the 2013 budget proposal  is less than the one for  2012.

He said that the recurrent and capital expenditures,  which represented 54.55 and 45.1 per cent respectively of the total estimate for the year, was based on economic reality.

Ajimobi said that 60.39 per cent of the total budget was allocated to economic and social services in line with the employment-driven agenda of the government.

The governor, who expressed satisfaction with the high performance of the 2012 budget, said that government was able to achieve 73 per cent of the estimate as reflected in  infrastructural development across the state.

He said  the 2013 budget would be achieved through aggressive Internally Generated Revenue  drive.

Ajimobi added that there would be effective tax administration which would accommodate those who were presently outside the tax net.

The governor, who gave a breakdown of the budget,  said the economic sector was allocated 36.25 per cent while  social services had 24.13 per cent  and  General Administration received  25.46 per cent.

He said  Regional Development  had 14.15 per cent, adding that  the implementation of the capital budget would be priotised.

Ajimobi  urged the lawmakers to give the necessary legal backing to the budget to ensure the transformation of the state.

Responding, the Speaker of the House, Hon. Monsurat Sumonu , commended the governor for restoring the glory of the state in the area of infrastructural development and provision of employment through prudent management of  resources.

Sumonu noted that  government needed the cooperation of all citizens to achieve its planned programmes for the state and called on the people to support the administration in its effort to transform the state.

The speaker said that the legislature would continue to work with the executive to move the state forward.

She gave an assurance  that the peaceful co-existence among  lawmakers would continue to put the state ahead of others in governance and development.

Sumonu said that the budget would be scrutinised and given the appropriate legal frame work for its implementation.



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