Amosun presents N210.21bn budget for 2014

Date:

Gov-Ibikunle-AmosunGov. Ibikunle Amosun of Ogun on Tuesday presented a budget proposal of N210.21 billion for 2014 to the State House of Assembly.

Thank you for reading this post, don't forget to subscribe!

Christened “Budget of Consolidation’’, Amosum said the 2014 was slightly lower than the 2013 figure of N211.86 billion and geared toward the actualisation of the administration’s mission to rebuild the state.

He said N117.51billion was earmarked for capital expenditure, while N92.70 billion would be for recurrent expenditure.

The governor said the expected revenue was N154.38 billion, while the capital receipt was  N55.83 billion.

He said the education sector had the lion share of N43.9 billion and followed by rural and infrastructure development with N34.6 billion.

The governor said affordable housing and urban renewal would gulp N26.7 billion, health care delivery N21.11 billion and agricultural production/industrialisation N10.52 billion.

The governor assured the legislators that his administration would complete the ongoing construction of the 15 model schools and construct additional 13.

“We will also commence the construction of three additional general hospitals across the state and also establish diagnostic centre in Abeokuta, ‘he said.

The Speaker, Mr Suraj Adekunbi, said the budget would be carefully scrutinised to meet the expectations of the people.

“We will scrutinise it with an eagle eye and give it prompt and comprehensive attention,” he said.

Adekunbi said the assembly passed nine bills in 2013, saying that the legislature would continue to support the government through passage of relevant bills. (NAN)

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

Share post:

Subscribe

Popular

More like this
Related

Nigeria Earns $1.2 Billion Annually from Livestock Exports, MACBAN Reports

Nigeria earns approximately $1.2 billion each year from the...

Nigeria Sovereign Investment Authority Awards $220,000 to Top Startups at NSIA Prize for Innovation

The Nigeria Sovereign Investment Authority (NSIA) has awarded a...

Nigeria Says Foreign Exchange Inflows from IMTOs Surge by 38.86% to $1.07bn in Q1 2024

Foreign exchange inflows from International Money Transfer Operators (IMTOs)...

Mercury to Terminate Accounts of Nigerian Businesses and Others by August 2024

American financial technology company Mercury has announced plans to...
× How can I help you?