By; NIYI OGUNGBOLA, Abeokuta
Ogun State Government has presented 2021 appropriations bill of N339billion christened “Budget of Recovery and Sustainabiluty before the State House of Assembly.
Presenting the bill, the Governor, Prince Dapo Abiodun projected a sum of N119billion as expected Internally Generated Revenue, 59billion for Statutory allocation while capital receipt is expected to be N142 billion.
“The aggregate expenditure of N339 billion is proposed for the State Government in 2021. The proposed N339 billion expenditure comprises the recurrent of N162B and Capital of N177B. We have been able to achieve a 52 percent capital expenditure as dictated by best practices to drive our developmental objective”.Abiodun stated.
Highliting the the budget Governor Abiodun said that N62billion is earmark for
Infrastructure while, N93billion is slated for Social welfare and wellbeing (includes Health, Housing, Environment, Physical Planning, Women Affairs, etc)
According to him, Education will cost N58B,Youth empowerment N6B,Agriculture N15B and Enablers: N106B
The Enablers include statewide services, general public service, public debt charges, stabilization fund, judiciary, legislature, pensions and gratuities.
“Key allocations in the 2021 budget in line with functional classifications are,Education N58B,Economic Affairs: N75B,
General Public Services: N49B,
Health N35B,Housing & Community Amenities N28B
Social & Environmental protection N5B,Public Order and Safety N9B,Recreation, Culture and Religion N7B and
Statewide Services N73B
“The Statewide services include public debt charges, stabilization fund, pensions and gratuities.”Abiodunsaid explained.
“Mr. Speaker, Honourable Members, permit me to reiterate that the main thrust of our capital spending programme in 2021 is the completion of many on-going and new projects as possible across the State. Accordingly, we have prioritized projects that can be rapidly completed to benefit our people.
“Distinguished Honourable Members, I fully understand the difficulties many of our people are going through as a result of the effect of the pandemic. However, the road to economic growth is the establishment of a sustainable public finance management that will bring about; better allocation of our scarce resources and improved public service delivery.”Abiodunsaid further explained
“Mr. Speaker and Honourable Members of the 9th Ogun State House of Assembly; I commend your firm commitment towards ensuring a very harmonious and productive relationship with the Executive. It is important to further deepen this relationship in the interest of our people. As you review the 2021 Budget estimates, we believe that the legislative process will be expedited to ensure its prompt passage to sustain the restoration of a predictable January–December fiscal year.
“In this regard, I have directed all Commissioners, Accounting Officers and Heads of Agencies to be personally available for budget defense.
“Let me re-emphasize that the people of Ogun State expect that the 2021 Budget will contain only implementable and critical projects, which when completed, will significantly address current structural challenges of the economy, improve the business environment and accelerate economic recovery”the Governor stated.
He further commend Honourable Members of Ogun State House of Assembly for their continued support in steering the state economy during challenging times.
He said that his administration remained committed to sustaining the partnership adding, “We believe that as we work together, we will jointly deliver on our joint mandate to our people”.
“This address will not be complete without, once again, thanking the good people of Ogun State for their support, cooperation, resilience and indomitable spirit, even in the wake of the unprecedented challenges of the outgoing year. I do not take your support for granted. And I have no doubt, that together, we will recover lost grounds and achieve our potentials to the dullest, as individuals and state in the new year.” Governor Abiodun concluded.