Governor Ibikunle Amosun of Ogun State on Monday assented to N400.3 billion 2019 Appropriation Bill earlier passed by the Ogun State House of Assembly into law, making it approved fiscal estimates for the new year.
Recall that Governor Amosun, in November 2018 presented a N402.63 billion Appropriation Bill before the State House, which was made up of N254.055 billion capital expenditure, representing 63.1 percent and recurrent expenditure of N148.5 billion, representing 36.9 percent of the total budget.
But, the State House, after much deliberation and consideration of the whole estimates, slashed the Appropriation Bill to N400.3 billion, taking off a total sum of N2.6 billion as part of fiscal review made on the total size of the fiscal estimates proposed for the new year.
After signing the Appropriation Bill at the conference room, Governor’s office, Abeokuta, Governor Amosun commended the speaker and the Honourable members of the House for doing the needful by passing the bill on time.
The governor appreciated the Ministries of Budget and Planning and Finance for a job well done, assuring that the budget would be adequately funded for the betterment of the people.
According to Amosun, ‘’throughout the eight years of our administration, our budgets have always been presented and considered by the House and signed into law on time. This shows that we have not taken our people for granted.”
The governor while reviewing how his administration had faired in budget preparation and implementation, expressed optimism that the next government would improve on it.
The Speaker, Suraju Ishola Adekunmbi, who had earlier presented the clean copy of the budget to the Governor in the company of other honourables, disclosed that, after taking a critical look at the proposed budget, the House decided to approve the sum of N400.3 billion.
He added that the legislative arm had effectively played its roles in supporting the present administration, appreciating honourable members and other stakeholders for their inputs during deliberations on the budget.
