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Friday, 2 March 2018

Oyo Assembly passes N271.57b budget

The Oyo State House of Assembly on Thursday passed the 2018 appropriation bill of N271.57 billion.

The passage of the budget followed adoption of the reports and recommendations of the House Committee on Public Accounts, Finance and Appropriation, led by Hon. Bolanle Agbaje (APC, Ibadan North 1).
The house during its plenary presided over by its speaker, Hon. Michael Adeyemo unanimously consented to the passage of the bill.
It passed the bill after a clause by clause considerations and amendment proposed to the initial N267 billion budget, christened the Appropriation Bill a “Budget of Stabilisation” presented by Governor Abiola Ajimobi on December 14, 2017.
It approved N119.631 billion as the total recurrent expenditure and N149. 941 billion as the total capital expenditure for the year ending December 31, 2018.
Adeyemo while speaking, commended members of the committee for thorough scrutiny of the budget within a short time-frame.
He implored the executive arm of government to look into giving a quick assent to the Appropriation Bill.
Adeyemo further urged it to work in line with the findings of the House in order to achieve a good budget performance for the fiscal year 2018.
He assured residents of the state that their interests had been adequately represented in the newly passed budget.

He then directed the Clerk of the House, Mr. Paul Bankole to send a clean copy of the bill to Governor Ajimobi for his assent.

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