Ogun Proposes N285bn Spending In 2020

Ogun state government is proposing to spend n285 billion for its services in the 2020 fiscal year.

The proposed 2020 spending is far lower than the n400 billion 2019budget that the Amosun Adminstration left behind.

Education is being allocated the lion share of 20 percent of the proposed 2020 budget.

Infrastructural development is next with 15 percent, health and housing sector (10 percent each), while agriculture is to receive eight percent of the proposed budget estimate.

The consultant to the state governor on budget and planning, Laolu Olabimtan made this known during the 2020 budget treasury board meeting in Abeokuta where the budgetary estimates of ministries, departments and agencies were considered.

He explains that n174billion is being projected as Internally Generated Revenue (IGR).

The proposed budget, according to him, will allocate more fund to capital expenditure than the recurrent expenditure, to address the infrastructural deficit and fastrack development of the state.

Governor Dapo Abiodun, who presided over the treasury board meeting, explains that the proposed 2020 budget, is focusing on projects that will have direct impact on the people and the state economy.

Township and rural roads, according to the governor, will be given priority to create conducive environment for investors.

Abiodun asks the state’s public servants to brace up for the task of ensuring the actualization of the objectives of the proposed budget to  meet  the demands  of the people.

 

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