Ogun Govt To Boost CDAs, Trade Associations With, More Fund In 2023 - EDU-BIZNEWS


Friday, December 9, 2022

Ogun Govt To Boost CDAs, Trade Associations With, More Fund In 2023


Ogun State Government has assured Community Development Associations (CDAs) cooperation societies and trade associations of provision of more financial resources to boost their activities through improved human capacity building and grant-in-aids for rural and urban transformation in the coming 2023 fiscal year.

The State  Commissioner for Community Development and Cooperatives, Mr. Abayomi Hunye gave the assurance while defending his ministry's budgetary estimate before the members of the State House of Assembly at the commencement of the 2023 Budget Defence , held at the Assembly Complex, Oke-Mosan, Abeokuta. 

Hunye added that the ministry was committed to providing more micro-credit to cooperative societies and trade associations for enhanced business activities to promote self reliance, while mobilizing the CDAs, Cooperative Societies and trade associations as agents of grassroot development and economic empowerment. 

The Commissioner explained that a total sum of N971.1million had been set-aside in the budget , out of which N255.3million would cater for capital projects and the remaining N715.7million for recurrent expenditure, with expected revenue put at N34.4m.

Reeling out the 2022 Ministry's budget performance, Hunye, who said 64.7% revenue performance was achieved, reaffirmed that the Ministry would sustain the existing enabling environment for all stakeholders to effectively serve as bridge between the State, Local Government and the people to engender accelerated development in the State. 

Contributing, the lawmakers in their respective remarks implored the Ministry to  ensure a budget implementation that would be purpose driven in line with the societal needs. 

The Lawmakers equally examined the budget proposals of the State Ministry of Women Affairs and Social Development, Youth and Sports and their allied agencies.

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