By; BAYO AKAMO, Ibadan
Oyo State Governor, Engineer Seyi Makinde on Wednesday presented N294,5 billion appropriation budget for year 2022 fiscal to the Oyo state House of Assembly.
Christened “Budget of Growth and Opportunity.” Governor Makinde said the budget is about N24.8billion lower than that of 2021 which stood at N318.8billion.
He stressed that in the year2022 budget, capital expenditure stands at N156billion (52.97 percent) of the budget with the recurrent expenditure put at slightly above N138.5billion (47.3 percent)
The governor pointed out that in the estimate, infrastructure will get the highest allocation with N75.6billion representing 21.19 percent, followed by Education with N54.2billion or 20.87 percent, Health, N15.9bn or 5.23 percent and Agriculture with N11.798billion or 4.54 percent.
According to Engineer Makinde, stressed that in keeping with his administration tradition in the last two years, it embarked on a Townhall ” meetings on the 2022 budget and given stakeholders the opportunity to contribute towards the direction of this budget
The governor noted that based on feedback; from the people, the budget for the 2022 Fiscal Year was prepared, adding, “I have the honour of presenting to the House this Two Hundred and Ninety-Four Billion, Five Hundred and Sixteen Million, Four Hundred and Forty-Five Thousand, One Hundred and Seven Naira (N294,516,445,107.00) 2022 Budget Proposal.”
” As stated earlier, this is a budget of growth and opportunities. Growth, as we inject One Hundred and Fifty-Six Billion, One Hundred and Thirty-Six Thousand, Nine Hundred and Seventy-One Naira (N156,000,136,971.00) into our economy through investments in infrastructure and ensuring that our people have higher purchasing power.”he said
Governor Makinde added, “for the first time, our proposed capital expenditure at 52.97% is more than our recurrent expenditure. A major project we will be carrying out in 2022 is 110km Ibadan Circular Road. This tolled road will be a major economic boost as it will create an alternate entry and exit point out of Ibadan and connect the new economic corridor and business district, we are building at Moniya”.
Speaking further, he said his administration will commence the reconstruction of the Iseyin-Ogbomoso Road to further boost economic activities in the state, the governor said, “as we continue to create an enabling environment for the private sector to thrive and open our doors to both local and foreign investors in agribusiness, tourism and other sectors. We are also exploring new areas of comparative advantage and encouraging investments in them”.
” Last year, we promised that we will continue to invest on infrastructure in the state. We have worked hard to ensure that infrastructural development is not restricted to just one zone of the state. In education, we have continued to make investments at all levels. At the primary level, we completed 26 model schools across all zones in Oyo State, we built 57 classrooms, installed boreholes and improved the sanitary condition of existing schools through the construction of toilets. We have also continued to improve the quality of education in Oyo State. We not only recruited teachers as reported, but we have also trained them on best practices.
” More recently we completed the recruitment of 692 education officers in the state. In Healthcare, we have continued to keep our promise of one Primary Healthcare Centre (PHC) in each ward in Oyo State. In the past year, we have completed the renovation, upgrade and equipping of 40 PHCs. Secondary healthcare facilities have not been left out as we continued to upgrade and rehabilitate existing facilities to serve the good people of Oyo state.”
He stressed, “on Security, we have made provision to recruit more Amotekun Corps members and we will continue to make investment on technology that supports our security architecture in Oyo State.We have always prioritised infrastructural development in Oyo State. And last year was not an exception. We have recorded strides in the development of infrastructure which we believe will generate more income for the state”
The governor maintained that the Challenge Bus Terminal is 70% complete, while the other three terminals at Iwo Road, New Ife Road and Ojoo are ongoing. The Fasola Agribusiness Industrial Hub is at about 40% completion. Significant progress has also been made in reconstructing the 21km Airport- Ajia-New Ife Express Road with a spur to Amuloko, 12km Apete-Awotan-Akufo Road and the 44.7km Saki-Ogbooro-Igboho Road. The Idi Ape-Basorun-Akobo- Odogbo Barracks Road and the 5.2km Gedu-Oroki-Sabo-Asipa Road are nearing completion.ENDS.
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