Ogun Assembly Okays 2024 Appropriation Bill Of N703.02Bn, Reviews Allocation Of 18 MDAs, Others - EDU-BIZNEWS


Thursday, December 28, 2023

Ogun Assembly Okays 2024 Appropriation Bill Of N703.02Bn, Reviews Allocation Of 18 MDAs, Others

Ogun State House of Assembly has passed the 2024 Appropriation bill of N703,028,013,431.64 ,with adjustment in the capital and recurrent expenditures as well as projected revenue of 18 Ministries, Departments and Agencies (MDAs).

Edu-Biznews recalled that Governor Dapo Abiodun had on 30th of November, 2023 presented  the Appropriation bill christened "Budget of Sustained Growth and Development" which included  N415.656billion as capital expenditure and N287.37billion earmarked for recurrent expenditure to the lawmakers for consideration and approval 

The passage of the Appropriation Bill followed the presentation of the report of the House Committee on Finance and Appropriation by its Chairman, Hon. Musefiu Lamidi, who subsequently moved the motion for its adoption, seconded by Hon. Damilola Soneye and was supported by the Whole House through a voice vote.

Consequently, the bill was later read and adopted clause-by-clause by the Committee of Supply led by the Speaker, Rt. Hon. Olakunle Oluomo during today's  plenary held at the Assembly Complex, Oke-Mosan, Abeokuta.

According to the report, the first schedule saw to the upward review of the recurrent expenditure in the budget proposals of the State Ministries of Industry, Trade and Investments; Agriculture, Forestry, Transportation, Community Development and Cooperatives, Rural Development, Culture and Tourism, Education, Science and Technology, likewise TRACE and State Waste Management Authority.

Others that had their recurrent expenditures jacked up are Bureau of Lands and Survey, State Planning and Development Permit Authority amongst others. 

Therefore, the change led to a reduction in total revenue target of government leading to a downward review from N210.248billion to N198.748billion giving a reduction of N11.5billion, while revenue from the excess crude was jacked up from N3.845billion to N13.845billion resulting in an increment of N10billion, just as capital receipt was moved from N128.372billion to N136.872billion giving an upward review of N8.5billion.

The report also indicated an increment in the proposed expenditures under the second schedule for the Office of Auditors General (State and Local) and Sustainable Development Goals.

The Majority Leader, Yusuf Sheriff moved the motion for the third reading of the bill, seconded by the Minority Leader, Lukman Adeleye and supported by the Whole House through a voice vote, after which the Clerk/ Head of Legislative Service, Mr. Deji Adeyemo took the third reading of the bill before the lawmakers.

Responding, the Speaker, Right Honourable  Olakunle Oluomo directed that the clean copy of the Appropriation bill be transmitted to the State Governor, Prince Dapo Abiodun for his assent so that the people of the State would begin to enjoy more democratic dividends from the first day of the next fiscal year. 

The Bill was titled: "No. 011/OG/2023- "A Bill for a Law to authorise the issue and Appropriation of the sum of Seven Hundred and Three Billion, Twenty-Eight Million, Thirteen Thousand, Four Hundred and Thirty-One Naira, Sixty-Four Kobo Only from the Consolidated Revenue Fund for the Services of Ogun State Government of Nigeria for the Financial Year Ending Thirty-First
day of December Two Thousand and Twenty-Four".

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