Governor Dapo Abiodun has unfolded his administration's plan to expand the Ogun State's economy, so as to improve its revenue base and meet the projected expenditures for the coming fiscal year
Governor Abiodun made this known while declaring open the Treasury Board Meeting on the year 2024-2026 Medium Term Expenditure Framework (MTEF) and the 2024 Budget, held at the Obas Complex, Oke-Mosan, Abeokuta.
Abiodun who was represented by his deputy, Engr. Noimot Salako-Oyedele, assured that developmental policies would be put in place by his administration to stimulate the State's economy to grow faster than it was pre-COVID-19 era, through realistic upscaling of investment in critical socio-economic sectors, physical infrastructure, sustainable debt management, as well as different structural reforms in governance, public service and business regulations.
He emphasised the significance of the Treasury Board meeting in ensuring judicious appropriation of the limited State’s wealth into critical sectors that would have a direct impact on the people and improve its revenue
The meeting according to him, also provide each of the agencies of government, the opportunity to defend its budget proposals.
Abiodun who called for the support of residents in the state, expressed confidence that his administration would achieve its target of prosperity and sustainable economic growth for brighter future of the state
The State Commissioner for Budget and Planning, Mr. Olaolu Olabimtan, said that the state government had enacted the fiscal responsibility law as amended in 2020 to guide it in the implementation of its developmental policies as well as to achieve sustainable development.
Olabimtan affirmed that the present administration was committed to consolidating the gains of its financial transparency policies in line with global best practices in Public Financial Management (PFM), adding that the treasury board meeting would assist the government in its quest to continue to provide good governance, ensure accountability, and transparency.
Edu-Biznews recalled that the State in the recent report by the National Bureau of Statistics, was rated fourth, with a record of revenue generated for 2022 fiscal year put at over N120 billion, behind Lagos, Rivers and the Federal Capital Territory (FCT) Abuja
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