Oyo Assembly Passes N213 Billion 2020 Budget Into Law |OGBOMOSO INFO|

The Oyo state house of Assembly has on Friday passed to law the total of 213,278,033,200.97k (Two hundred and thirteen Billion, two hundred and seventy – eight million, thirty three thousand, two hundred naira, and ninety seven kobo) as the Oyo state Budget and Appropriation Bill for 2020 fiscal year.

The budget passage was jacked up with the additional sum of 4.4 billion naira against the initial 208,802,972,878 that was presented to the honourable house by the Executive governor of Oyo state, Engr. Seyi Makinde on Wednesday, 23rd of November, 2019.

The sum of 110,427,855,919 (One hundred and ten billion, four hundred and twenty – seven million, eight hundred and fifty five thousand, nine hundred and nineteen naira) has been assigned for recurrent expenditure while the sum of 103,360,177,083.97k (One hundred and three billion, three hundred and sixty million, one hundred and seventy seven thousand, eighty three naira, ninety sevenen kobo is to see into the capital expenditure.

The Chairman House Committee on Public Accounts, Finance, and Appropriation, Hon. Olatunde Kehinde while presenting the committee’s report prior to the passage noted that the Governor of Oyo State, Engr. Seyi Makinde shows genuine commitment of his administration.

He added that the benchmarking of the 208.8bn proposed by Governor Seyi Makinde is a step towards achieving a realistic budget come year 2020.

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