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Amosun presents N211.86b budget for 2013

21 November 2012, 11:00

Ogun - Gov. Ibikunle Amosun of Ogun on Tuesday presented a budget of N211.86 billion for 2013 to the State House of Assembly for approval.

The proposal, which represents a 5.6 per cent increase over the 2012 figure of N200.55 billion, was tagged: ``Budget for sustainable growth’’.

Amosun said that the budget was geared towards the actualisation of his administration’s mission to rebuild the state.

A breakdown of the budget shows that the education sector has the lion share of N43.44 billion, representing 20.50 per cent of the budget.

This is closely followed by rural and infrastructure development/employment generation with N39.92 billion which represents 18.70 per cent.

The governor said affordable housing and urban renewal in the budget would gulp N29.62 billion, while N14.72 billion would be expended on efficient health care delivery, representing 6.95 per cent.

Agricultural production/industrialisation has a share of N10.69 billion representing 5.05 per cent while N73.48 billion goes to sundry matters.

The sum of N118.23 billion was earmarked for capital expenditure, representing 56 per cent, with N93.64 billion which represents 44 per cent, targeted for recurrent expenditure.

The expected total revenue in the new budget is fixed at N148.75 billion while the proposed capital receipt is estimated at N63.11 billion.

The governor assured the legislators that his administration would complete the ongoing construction of the 15 model schools in the state and an additional 13.

The Speaker, Mr Suraj Adekunbi, said the budget would be carefully scrutinised to meet the expectations of the people.

``We will scrutinise it with an eagle eye and give it prompt and comprehensive attention,” he said.



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