The Osun House of Assembly has announced the adoption of a proposed N129.7 billion budget proposal, after it was worked on and submitted by its Committee on Finance and Appropriation.
This was announced by the Assembly’s Finance and Appropriation Committee Chairman, Mr Olodo Taiwo, before submitting the report on Monday, according to NAN.
He added that his committee had read all the recommendations and adjustments made on the proposed budget.
What the Assembly is saying
Taiwo urged the state government to “fund and equip its revenue-generating agencies so that the financial capability of the state can be boosted.
He added that the state should also fund and employ more officials in the health and education sectors so as to improve the health and lives of citizens of the state.
Mr Timothy Owoeye, the Speaker of the Assembly, said there is the need for the budget to be expanded and increased to accommodate the financial needs of some of the state revenue generating ministries and agencies, citing a meeting with the state governor, Gboyega Oyetola, where he urged that all the revenue-generating agencies needed to be well-equipped for them to perform maximally.
“During the budget defence of the state Ministries, Departments and Agencies, some revenue-generating agencies complained of shortage of staff. There is also the need for the state government to purchase a drilling machine for the state water corporation, to enable it provide potable water to the people and therefore generate revenue for the state government,” he added
The Speaker also mentioned that the state government has agreed in principle for a budget expansion and highlighted that there might be an increase to the budget size before it is finally passed by the Assembly.
In case you missed it
Nairametrics recently reported that the Akwa Ibom House of Assembly announced the passage of the state’s 2022 appropriation bill valued at N586.88 billion
The Budget includes a recurrent expenditure of N261.96 billion and N324.91 billion capital expenditure.