Governor Ibikunle Amosun of Ogun State has signed the state’s 2018 budget bill into law.
The Governor signed the bill, at the Governor’s Office, Oke Mosan, Abeokuta, in the presence of the Speaker of the state House of Assembly, Suraj Adekunbi and the Deputy Speaker, Kunle Oluomo.
Other state House of Assembly leaders in attendance were the Chief Whip, Idowu Olowofuja and the chairman of the House committee on finance and appropriation, Olusola Bankole.
The governor, after signing the bill, promises to work hard to actualize the full implementation of the budget.
Earlier, Ogun State House of Assembly (OGHA), has passed the state’s 2018 Appropriation Bill of N343.9 billion, reducing both its capital and recurrent expenditure.
The N343.9 billion expenditure approved by the Assembly is N1.4 billion lower than the N345.4 billion presented by Governor Ibikunle Amosun last November 21 to the house.
With the cut in the 2018 budget size, the capital vote of N223.7 billion is now N222.8 billion, while the recurrent expenditure of 108.1 billion is now 107.6 billion.
Also, the proposed N98.1 billion capital receipt is reduced by N1.6 billion, as the lawmakers approved N96.5 billion for the 2018 fiscal year.
Some of the affected ministries, departments and agencies include the Special Duties with reduction of N600 million in its recurrent expenses, now at N585 million from the initial N1.1 billion.
The recurrent vote of Moshood Abiola Polytechnic (MAPOLY), was cut by N500 million down to N1.9 billion, while the state House of Assembly’s recurrent vote is increased by N500 million to N2.9 billion.
The forestry ministry’s capital project was cut by N500 million to N1 billion from the previous N1.5 billion, while the environment ministry’s capital vote is also reduced by N500 million to N4 billion.
The bill is the 12th passed by the Assembly in 2017.