Ogun state governor, Ibikunle Amosun yesterday presented a budget estimate of N420.630 billion as year 2019 Appropriation Bill to the state House of Assembly.
The appropriation bill which he christened “Budget of Enduring Legacy”, represents a 17 per cent increase compared to that of the outgoing year which stood at N345. 4 billion.
Presenting the budget estimate before the state lawmakers, Amosun explained that the year 2019 Appropriation Bill will be substantially financed through the state’s Internally Generated Revenue (IGR), while a total of N42 billion is expected to be a total receipt from the Federation Account.
He further said the state is expected to generate the sum of N101. 38bn from her capital receipts, with other state’s receipts is projected at N80 billion, representing 19. 80 per cent of the total funding.
Amosun also explained that the proposed Budget is to be allocated among the Five Cardinal Programmes of his administration which included: Affordable and Qualitative Education; Efficient Healthcare Delivery; Agricultural Production/Industrialisation; Affordable Housing & Urban Renewal as well as Rural& Infrastructural Development/Employment Generation.
He explained that his administration has being on a development journey that has clear momentum which must not be truncated in order that the state can fully occupy its rightful place of leadership in the comity of states.
“The privilege of standing here for the eighth straight time, presents us with an opportunity to look back on how far we have come as a state and where we envision our beautiful state to be in the coming years”.
The sectoral breakdown of Amosun’s “Budget of Enduring Legacy” however, indicated that education sector will gulp a lion share as the state’s affordable qualitative education programmes would get a share of N88.57Bn, representing 22 per cent of the budget.
Meter Processing: AEDC Experiencing Communication Hitches
The Abuja Electricity Distribution Company (AEDC), says it is experiencing communication hitches in processing applications of consumers who have paid...
APC Ready To Challenge Some Positions In Zamfara-Party Chairman
The All Progressives Congress (APC) in Zamfara says it will challenge some elective positions presently being occupied by the Peoples...
Emir Of Keffi Assures Residents Of Justice, Fairness
The Emir of Keffi in Nasarawa state, Dr Shehu Chindo-Yamusa 111, has assured all residents in his domain of justice...
Foundation Advocates Welfare Packages For Widows
Mr Shola Mese, the Founder of Shola Mese Foundation, has appealed to government at all levels to introduce policies and...
7 Policemen Killed In Terrorist Attacks In Egypt’s North Sinai
No fewer than 7 Egyptian policemen, including one officer, have been killed in terrorist attacks on different check points in...
Recapitalisation: Unions Want CBN To Be Wary Of job Loses
Two unions in financial institutions on Wednesday advised the Central Bank of Nigeria (CBN) to carry out the planned recapitalisation...
Kano Rainstorm: Rep Dambazau Appeals To NEMA For Relief Materials
A federal lawmaker, Rep. Shamsudeen Dambazau has appealed to the National Emergency Management Agency (NEMA)to provide immediate relief materials and...
ENTERTAINMENT21 hours ago
‘Don’t Link Me With Helicopter Incidents At Ore’, Says Julian Osula
NEWS22 hours ago
10 Killed In Wukari High Way Road Blocks
COVER STORIES10 hours ago
Why I Dealt With Onnoghen – PMB
NEWS17 hours ago
Election Tribunal: Court Rules In Favour Of Governor Sani Bello
NEWS9 hours ago
Yobe Govt To Sponsor 700 Students For PhD, Masters, Others
POLITICS8 hours ago
PDP: Saraki To Lead Peace Move
CRIME9 hours ago
Apostle Bags 7-yr Jail Over Rape Of Minor
FOOTBALL22 hours ago
Super Eagles Protest Unpaid Bonuses