Gov Abiodun SIgns N350.735bn 2022 Budget Into Law In Ogun - EDU-BIZNEWS


Wednesday, December 29, 2021

Gov Abiodun SIgns N350.735bn 2022 Budget Into Law In Ogun

Governor Dapo Abiodun has signed the Ogun State  2022 Appropriation Bill of N350.73billion into law, as passed by the State House of Assembly on Wednesday.

Abiodun in a statement by his Chief Press Secretary , Kunle Somorin, appreciated the lawmakers led by the speaker, Right Honourable Olakunle Oluomo for the speedy but thorough passage of the bill

The governor who signed the budget on Wednesday evening at his Oke Mosan office in Abeokuta, assured that his administration would put machinery in place to ensure optimum performance of the budget.

Abiodun further said that his administration would continue to initiate projects that would affect the state's socioeconomic activities positively.

The governor, however, urged the House to continue to give his administration the needed support for it to continue to deliver on its electoral promises to the people of the state.

The State House of Assembly passed the exact figure of N350,735,149,739.57 contained in the State's 2022 budget with adjustments in some recurrent and or capital estimates of about 182 agencies.

Passage of the budget came barely a month after its presentation by the State Governor, Prince Dapo Abiodun to the State House of Assembly

The bill was titled: "H.B. No. 075/OG/2021-Year 2022 Appropriation Law - A Bill for a Law for the Appropriation of the Sum of One Hundred and Seventy-Two Billion, Nine Hundred and Ninety-Seven Million, Three and Eighty Two Thousand, Two Hundred and Seventy-Five Naira, Twenty-One Kobo Only for Recurrent Expenditure, (Including the Sum of Nineteen Billion, Two Hundred and Twelve Million, Eight Hundred and Two Thousand, Four Hundred and Fifty-Seven Naira, Ninety-Nine Kobo Only For Servicing of Pensions and Gratuities) and One Hundred and Seventy-Seven Billion, Seven Hundred and Thirty-Seven Million, Seven Hundred and Sixty-Seven Thousand, Four Hundred and Sixty-Four Naira, Thirty-Six Kobo Only For Capital Expenditure For Service of Ogun State Government, Nigeria for the Financial Year Ending Thirty-First Day of December, Two Thousand And Twenty-Two”.

The passage of the bill was consequent upon the presentation of the report of the House Committee on Finance and Appropriation by its Chairman, Olakunle Sobunkanla, who thereafter moved the motion for its adoption, seconded by his Vice, Ganiyu Oyedeji and supported by the whole House through a unanimous voice vote.

The appropriation bill was later read and adopted clause-by-clause by the Committee of the House presided by the Speaker, Rt. Hon. Olakunle Oluomo at a the plenary held at the Assembly Complex, Oke-Mosan, Abeokuta.

The Assembly in the course of legislative process on the appropriation bill, carried out slight adjustments in the recurrent expenditures of about 144 agencies, just as the capital expenditures of 38 other agencies were equally adjusted.

The adjustments led to reduction in the total recurrent expenditure from the initial N172.997bn to N153.180bn resulting in N19.816bn decrease, while capital expenditure was increased from N177.737bn to N197.554bn giving an increment of N19.816bn

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