Gov Amosun proposes N345.42bn for 2018 fiscal year

. Budget 57% higher than 2017

The Ogun State Governor, Senator Ibikunle Amosun has presented the 2018 State Budget proposal of N345.42 billion to the

State House of Assembly, Abeokuta, Ogun State capital, on Tuesday, with the assurance that the budget would be implemented in furtherance of the rebuilding mission of his administration.

The budget, entitled: “Budget of Accelerated Development”, has N223.72bn earmarked for capital expenditure, representing 64.77 per cent; and N121.698bn is earmarked for recurrent expenditure, representing 35.23 per cent.

Speaking during the presentation, Amosun said the budget is 57 per cent higher than that of last year, adding that this year, the great emphasis laid on capital projects is due to the fact that the administration is building greater momentum into the end of its tenure.

He gave a breakdown of the proposed budget to be allocated among the five cardinal programmes of his administration, as follows: Affordable Qualitative Education, N79.25bn (22.9 per cent); Efficient Healthcare Delivery, N21.20bn (6.13 per cent); Agricultural Production that will lead to Massive Industrialisation, N21.14bn (6.12 per cent).

Others are Affordable Housing and Urban Renewal, N45.73bn (13.24 per cent), Rural Infrastructure Development and Employment Generation, N73.61bn (21.31 per cent), while N125.93bn (30.25 per cent), was earmarked for other sectors.

“We have placed great emphasis on capital project in order to accelerate the development of our dear state. We must continue to develop infrastructure that supports industry, improve road connectivity within our agricultural areas, as well as between our agricultural belts and urban markets. In addition, investing in skills, especially for youths and farmers helps to support inclusive growth,” he said.

From the recurrent expenditure, the governor said personnel cost, comprising salaries and allowances, will gulp N13.50bn, while N39.829bn would be set aside for overhead costs.

Reviewing the 2017 budget performance, Amosun disclosed that his government has implemented the budget by over 70 per cent, adding that his administration has developed the state in the areas of security, infrastructure and ease of doing business, amongst others.

In his welcome address, the Speaker, Rt. Hon. Suraju Adekunbi affirmed that the fund appropriated for 2017 was judiciously used on projects which they were meant for.

He said the Legislature was able to confirm this through the oversight functions of members to Ministries, Departments and Agencies(MDAs) of the government.