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budget address

Adeleke presents N273.9bn 2024 Budget to state assembly

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Osogbo, Nov. 10, 2023: Gov. Ademola Adeleke of Osun on Thursday presented the sum of N273.9 billion 2024 Appropriation bill to the state house of assembly.

Adeleke said the budget tagged” Budget of Reconstruction and Recovery” was made up of Recurrent Expenditure of N165.65 billion and Capital Expenditure of N108.25 billion.

The governor said that the budget was to recover, revamp and rebuild the “battered economy” of the state, inherited by his administration.

Adeleke said he was presenting the budget in line with the existing laws, which stipulated that draft budget of a state should be presented to the house of assembly for approval before the end of the year.

He appealed for the speedy passage of the appropriation bill by the lawmakers.

In his remarks, Mr Adewale Egbedun, the Speaker of the assembly, said the budget presentation was historical as it the first budget being presented by the governor and the first to be deliberated upon by the 8th assembly.

Egbedun promised that the assembly would ensure that the budget is passed on time.

The Speaker directed the state’s Ministries, Agencies and Departments to furnish the assembly with 35 copies of their budget.

Also, the Speaker announced the names of the governor’s nominees into the boards of some state statutory commissions which included, the Osun Independent Electoral Commission and Osun Assembly Service Commission.

Others are the Osun Judicial Service Commission and the Osun Civil Service Commission.

The Speaker directed all the nominees to submit 35 copies of their Curriculum Vitea to the Clerk of the House.

budget address

Oyetola signs N138bn Budget into law

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Governor Gboyega Oyetola of Osun has signed N138 billion budget for 2023 fiscal year into law.

A statement by the Chief Press Secretary, Ismail Omipidan, on Friday said  that the governor signed the bill into law on Thursday night.

The state House of Assembly  on Wednesday passed the appropriation bill.

The total recurrent expenditure of the budget  is N99.2 billion, while the  capital expenditure is N39 billion.

While signing the budget, Oyetola said that  the 2022 budget as at the third quarter of the year, had recorded 83 per cent performance.

He stated that with the passage and signing of the appropriation bill into law, the January-December Budget cycle had come to stay.

Earlier, the Speaker of the House, Timothy Owoeye, commended the governor  for making the January-December budget cycle a reality and putting Osun in an enviable state in the country through the state budgeting.

“The January-December budget cycle is rightly put in place in the state.

“Our state is the first do so in the country. I congratulate my colleagues for being dutiful and upright” he said.

naira notes

Oyetola signs Osun 2022 Appropriation Bill into law

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Governor Gboyega Oyetola of Osun on Wednesday signed the state 2022 Appropriation Bill (budget of N129.7billion) into law.

Oyetola, while signing the Appropriation Bill in his office, in Osogbo, announced that the 2021 budget, as at the third quarter of this year, had recorded 83.6 per cent performance.

Oyetola said, with the passage and signing of the 2022 Appropriation Bill into Law, the race to achieving even more in 2022 has begun as it remains a year of consolidation that will open the door for improved sustainable development.

He expressed the confidence that by the end of the year, when the final quarter of 2021 budget would have been computed, the performance of the budget would be more than 95 per cent recorded in 2020.

Oyetola attributed the appreciable performance of the 2021 budget to improved delivery of programmes and projects across the state during the year.

He said his government is able to achieve 2021 budget performance and service delivery through improved employment of creative, innovative and probity strategies.

He said strategies employed included efficient deployment of available resources, cutting costs and plugging wastes to deliver service in a sorely challenged economy.

He pledged his administration’s resolve to continue to follow time-tested principles for optimum results in 2022, saying “with 56 per cent capital allocation and 44 per cent recurrent allocation in next year’s budget, we are obviously on the path of increased service delivery in 2022.”

While commending the spirit of harmonious relationship, cooperation and synergy among the three arms of government, particularly between the legislature and executive, he said his government had been able to deliver people-oriented service in the state.

“In the last three years of working together as executive and legislative arms of government, we have demonstrated unity of purpose, capacity and people-orientation in a manner that has delivered service to the people in line with our promise and the people’s expectations.”

“I thank the people of Osun for their cooperation and appeal to them to continue to offer a stronger platform for a better performance,” Oyetola said.

In his remarks, the Speaker, Osun House of Assembly, Timothy Owoeye, reiterated the state assembly’s continued resolve to provide leadership that would smoothen governance and make life bearable and prosperous for the citizens through people-oriented legislation.

Owoeye said the state assembly would continue to support the Oyetola-led administration, warning those contemplating fanning the embers of division or disaffection among members of the assembly to steer clear as the lawmakers remain resolute to ensure the success of the present administration.