After considering requests for funding from eighteen different government entities, the House of Assembly in Ogun State has approved an appropriation bill for N703 billion for the year 2024.
Dapo Abiodun, the governor of the state, presented the measure to the assembly less than four weeks ago; it is titled No 011/OG/2023.
According to MISMOB, the governor submitted the state legislature the 2024 Appropriation Bill, which includes a sum of N703,028,013,431.64 for capital expenditures (N415.656 billion) and recurrent expenditures (N287.37 billion).
House Committee on Finance and Appropriation, chaired by Musefiu Lamidi, demanded a review of 18 ministries’ and departments’ planned expenditure plans after government agencies and departments spoke before it.
The state ministries of Industry, Trade and Investments; Agriculture, Forestry and Transportation; Community Development and Cooperatives; Rural Development; Culture and Tourism; Education, Science and Technology; TRACE; and Waste Management Authority all had their recurring expenditures reviewed and increased in the first schedule, according to the committee’s report.
The State Planning and Development Permit Authority and the Bureau of Lands and Survey are among the many other organizations whose recurring budgets were increased.
Revenue from excess crude went up from N3.845 billion to N13.845 billion, an increase of N10 billion, while the government’s total revenue target went down from N210.248 billion to N198.748 billion, a decrease of N11.5 billion, as a result of the change.
A review of N8.5 billion was made to increase the capital received from N128.372 billion to N136.872 billion.
An increase in the proposed expenditures for the Sustainable Development Goals and the Office of the Auditor General (state and municipal) were also noted in the report under the second schedule.
As for the bill’s third reading, it was proposed by House Majority Leader Yusuf Sheriff, seconded by House Minority Leader Lukman Adeleye, and ultimately approved by a voice vote of the entire house during the plenary.
Olakunle Oluomo, speaker of the assembly, ordered a clean copy of the appropriation measure to be forwarded to the governor for his assent after it had passed the third reading.
Mismob Media