Gov.Abiodun Signs N472.25bn Ogun 2023 Budget Into Law... Promises To Ensure Full Implementation - EDU-BIZNEWS


Thursday, December 29, 2022

Gov.Abiodun Signs N472.25bn Ogun 2023 Budget Into Law... Promises To Ensure Full Implementation

Governor Dapo Abiodun has signed Ogun State 2023 Appropriation Bill of N472.25billion into law, promising to ensure full implementation of all the items on the bill to sustain the momentum of Building Our Future Together Agenda of his  Administration. 

The State House of Assembly had earlier on Thursday passed the budget proposal for the 2023 fiscal year during its plenary and later transmitted it to the govermor for his assent 

The signed budget has adjustments in the recurrent as well as capital estimates and projected revenue in 31 different areas across 26 agencies.

Governor Abiodun had barely a month ago  presented the N472,250,694,447.58billion Budget of ‘Continued Development and Prosperity’, consisting of the initial N270.41billion which was later cut by N805.3milliom to N269.6 billion for capital projects, while the same amount was added to the initial N201.84 billion to increase it to N202.64billion for recurrent expenditure 

"This budget is reflective of what the people of Ogun State want. I can assure you that on our part, we will ensure implementation of the budget", the governor assured 

"Through this budget, our people will enjoy the full dividends of democracy", he noted.

He thanked the Speaker and members of the House of Assembly for their diligence that culminated in the passage of the budget before the end of 2022.

A breakdown of the budget indicated that personnel expenses would gulp N79.47bn, while N21.12bn was meant for social contribution and social benefits, with N39.90bn earmarked for public debt charge and N61.35bn for overhead cost.

L-R: Speaker,  Ogun State House of Assembly, Right Honourable Olakunle Oluomo; Deputy Governor, Engr Noimot Salako-Oyedele; Governor Dapo Abiodun and the Secretary to the State Government , Mr Tokunbo Talabi during the signing of the N472.25bn 2023 "Budget of Continued Development and Prosperity" at the Governor’s Office, Oke-Mosan, Abeokuta on Thursday

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