OGUN State governor, Senator Ibikunle Amosun yesterday presented a total budget of N221.129billion for the 2017 fiscal year to the state House of Assembly. The budget, which he titled “Budget of Repositioning,” represents an increase of 10.45 percent compared to the 2016 budget. The governor explained that the recurrent expenditure would gulp N102.82billion which represents 46.50 percent of the budget while capital expenditure takes N118.306billin, which also represents 53.50 percent of the budget. He added that, “Personnel cost made up of salaries and allowances stands at N62.73billion while pension and gratuities account for N11.2billion, which is about for 5.06 percent of total expenditure. “The balance of N28.89billion which accounts for 13.07 percent is set aside for the overhead costs.” He further revealed that the 2017 budget would be financed through Internally Generated Revenue, IGR, and revenue from the federation account.
Governor Amosun added that 51.71 percent or N114.34billion of the proposed budget was to be funded through IGR while N41billion or 18 percent was expected from the federation’s account and capital receipts is expected to contribute N65.78billion or 29.75 percent of the budget. In his welcome address, the Speaker, Suraju Ishola Adekunbi said the legislative arm of government had been collaborating with the executive in advancing the socio-economic development of the state, adding that the Assembly had within the last one year passed three bills into laws. Adekunbi noted that prominent among the bills passed were Local Government and Crime Prevention, disclosing that the current legislature in the state was presently considering the passage of four other bills which, when passed into laws, would address issues affecting Accident Victims Management, Magistrate Courts Administration and Customary Courts Administration among others. According to the Speaker, the current Assembly has opened a new chapter in its legislative activities and initiatives with the commencement of the
presentation of private members’ bill. He added that the recent land Grabbing and Anti- kidnapping Bill signed into law by the governor was an initiative that began as a private member bill. He added that to further support the current administration’s strive for good governance, the eighth legislature had within the last one year passed 12 motions into resolutions, stressing that the oversight to the Ministries, Department and Agencies, MDAs, in the state had been consistently carried out to ensure value for money, promote efficiency and effectiveness in service delivery for the people. The occasion had in attendance former head of Interim National Government, Chief Earnest Shonekan, former Chief of General Staff, Gen. Oladipupo Diya (rtd), former military administrators, Gen. Seidu Balogun (rtd), Gen. Oladayo Popoola, Navy Commander Oladeinde Joseph (rtd), Navy Captain Kayode Olofinmoyin, Col. Daniel Akintonde, Senators Gbolahan Dada and Iyabo Anisulolwo, as well as the foremost chartered accountant, Akintola Williams.