[ad_1]
The Governor of Ogun State, Prince Dapo Abiodun has presented a budget estimate of N351 billion for the year 2022 to the State House of Assembly.
The Governor christened the budget proposal “Budget of restoration for the building our future together;
He presented the budget at a plenary presided over by the Speaker, Olakunle Oluomo, at the Assembly Complex, Oke-Mosan where he said annual fiscal estimate reflects his administration’s determination to deliver on its electoral promises to the people.
The Year 2022 Appropriation Bill, titled: “Budget of Restoration” presented to Ogun State House of Assembly by ogun state governor Prince Dapo Abiodun is expected and contain only implementable and critical projects, which when completed, will significantly address current structural challenges of the economy, improve the business environment and accelerate economic recovery.
READ ALSO: Ogun Maps Out Strategies To Combat HIV/AIDS
While giving the breakdown of the budget, Governor Abiodun said an aggregate sum of N170 billion is expected to be available for physical capital projects in 2022, adding the personnel cost estimate took the largest portion of N75 billion under recurrent and is allocated to the payment of salaries and allowances in MDAs.
He also said his administration remains committed to meeting the debt service obligations, specifically to attract capital investment into the state economy, hence the need to provide N28 billion for this in 2022.
Prince Abiodun pointed out that a total sum of N7.7billion is provided for transfers to the Stabilization Fund to insulate and position the state towards unprecedented activities or economic shocks.
This event, which attracted dignitaries including the state deputy governor, Engr. Noimot Salako-Oyedele, commissioners, royal fathers, as well as past military administrators, is another symbolic representation of the joint mission towards the realisation of the state’s collective dreams.
[ad_2]
