By; BAYO AKAMO, Ibadan
The Oyo State House of Assembly members on Tuesday, passed the 2024 Appropriation bill of N438,447,878,548.39 into law.
New Nigerian recalls that Gov Seyi Makinde ion Tuesday December 5, 2023, presented a budget of N434,221,765,938.79 to the lawmakers.
However, with the approval of N438,447,878,548.39 as the 2024 budget, there is an upward review of N4,226,111,609.60 in the appropriation.
At the House preliminary on Tuesday, Speaker of Oyo State House of Assembly, Hon. Adebo Ogundoyin commended all the Committee members and other lawmakers that ensured early passage of the 2024 Appropriation Bill.
Hon Ogundoyin maintained Speaker that the House made some upward review of the 2024 Appropriation Bill to reflect the current economic realities and situations in the country, and to cater for some critical sectors.
The Speaker specifically hailed the House Committee on Finance, Appropriation and State Economic Planning for a thorough job done on the budget proposal.
“Special thanks to the House Committee on Finance, Appropriation and State Economic Planning for a thorough job done on the budget which led to the speedy completion of the process”, he said.
Hon Ogundoyin added, ” I will like to also appreciate Oyo State Government’s Ministries, Departments and Agencies for cooperating with the House of Assembly in this regard. I am optimistic that the budget will help drive the economic recovery agenda of Governor Seyi Makinde in the upcoming year.
“This is just the beginning of our job as Lawmakers. We will hit the ground running. We will embark on full legislative oversight to ensure optimum performance of the budget. We have told our MDAs to be ready to work their fingers to the bone towards the full and successful implementation of the 2024 Budget.”
In the budget, recurrent expenditure for the 2024 Appropriation changed from N211,884,445,738.94 presented by the Governor N213,538,475,738.94.
For the capital expenditure, the house approved a sum of N224,909,402,809.45 as against the N222,337,320,199.85 earlier proposed.
