Governor Abiola Ajimobi of Oyo
State on Thursday presented a budget of N267b, which represented an increase of
28% on the 2017 budget to the state House of Assembly.
The budget christened “Budget of
Stabilization” has a difference of N60b from that of 2017 which had the figure
of N207b.
Ajimobi while presenting the
budget disclosed that the budget submitted for consideration and approval of
the legislature stood at N267,436,357,912.19, stressing that detailed facts
behind the budget would be made known later by the State Ministry of Finance,
Budget and Planning.
He explained that the proposed
budget was expected to be funded from Internally Generated revenue of
N112.10bn, Federation Account N93.68bn, Capital Receipts of N43.72bn, Transfer
(LG, JAAC for LGSPB & LGSC) of N7.53bn and an unspent income of N10.40bn
from 2017.
Ajimobi said that the structure
of the 2018 budget proposal reflected the priority the government had accorded
the various sectors in terms of their expected developmental effects, noting
that the relative aggregate sectoral allocations were Economic Sector N85.390bn
(57.29%), Social Services Sector N54.280bn (36.42%), Law & Justice Sector
N0.517bn (0.35%) and General Administration Sector N8.860bn (5.94).
He said “The aggregate percentage
of 93.71% of the capital expenditure allocated to the economic and social
sub-sectors underscores the State Government’s determination to continue to
pursue a people-centered, empowerment-focused agenda. We consider this as the
best antidote to the problem of poverty amongst our people.
“It is to be recalled that apart
from consistently utilizing more than the stipulated minimum of all the
recurrent intervention from the federal government to settle salary/pension and
arrears, our administration had conceded 100% monthly allocation from the
federation accounts to payment of salaries and pensions of the State’s work
force”.
He pointed out that elections
into Local Government Areas and the newly created Local Council Development
Areas will hold in 2018.
“This is intended to bring
governance to the door steps of the people and to enhance development at the
grassroots. Therefore, the content and structure of this proposal have captured
our vision towards achieving this and the continuation of our developmental
strides in the 2018 fiscal year”, he said.
Ajimobi hinted that necessary
actions would be taken to further control hazards associated with sanitation
and street trading as more neighborhood markets would be established to cut
down on centralization of social facilities in the cities which always lead to
urban crisis.
Areas where rehabilitation and
expansion of water projects would be embarked upon in the coming year include
rehabilitation of Igboho water supply scheme at a cost of N474m, rehabilitation
of Owode water supply scheme with N200m, expansion of Ogbomoso/Ikoyi-Ile water
supply scheme and procurement of water treatment chemical, worth N500m.
“It gladdens me to register my
sincere appreciation for the wonderful support that our administration has
enjoyed from all segments of the State.
“These range from our highly
revered traditional rulers to community, political, opinion leaders,
professional and trade groups, market women, civil society and nongovernmental
organizations as well as students across all educational levels.
“You have all demonstrated to us
your readiness to contribute directly or indirectly to the State’s economic
growth. On the other hand, I appeal to tax defaulters to perform their civic
responsibilities and join hands with others to contribute to government efforts
at advancing the development of the State with its attendant socio – economic
benefits”, he said.
Speaker of the Assembly, Hon.
Micheal Adeyemo while speaking promised to support the administration of
Senator Abiola Ajimobi and work in harmony with the executive to see to the
transformation and repositioning of the State.
Present at the presentation were
former Deputy Governor of the state, Ambassador Taofeek Arapaja; Former Senate
Leader, Senator Teslim Folarin, Former Speaker of the Oyo State House of
Assembly, Ashimiyu Alarape.
Others include the Alaafin of
Oyo, Oba Lamidi Adeyemi; Aseyin of Iseyin, Oba Salawudeen Adekunle Ajinese 1;
Eleruwa of Eruwa, Oba Samuel Adegbola, members of Olubadan-in-Council,
Ambassador Olu Sanu, among others.
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