Economy
Gov. Makinde of Oyo Presents N266.6bn Budget For 2021
- Budget
Governor Seyi Makinde of Oyo State on Monday presented a budget proposal of N266.6 billion to the Oyo State House of Assembly for the 2021 fiscal year.
Presenting the budget, tagged: “Budget of Continued Consolidation,” the Governor said the sum of N56 billion representing 21 percent is allocated to education while a sum of N46 billion (17.2 percent) is proposed for infrastructural development.
He said for the establishment of primary health centres across the 351 wards in the state, a sum of N13.2 billion representing 4.9 percent for health is allocated.
“As promised, we prioritised the completion of ongoing infrastructure projects. For example, the 65km Moniya-Ijaiye-Iseyin Road, which was awarded at the time of our budget presentation last year, is already at 65% completion.”
“Also, the now-famous Idi Ape-Basorun-Akobo- Odogbo Barracks Road, which was mismanaged by the previous contractor, has been re-awarded, and the new contractors have mobilised to the site.”
“Other ongoing road projects are the 12km Apete-Awotan-Akufo Road, the 3km Under G Stadium-LAUTECH-2nd Gate Road, 5km Gedu-Oroki-Sabo-Asipa Road, the 12.5km dualisation of Challenge-Odo Ona Elewe-Apata Road, 10km Saki Township Road dualisation.”
“We have also awarded the 44.7km Saki-Ogbooro-Igboho Road and work will commence shortly.”
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“Mr Speaker Sir, Honourable Members of the House, just three days ago the National Universities Commission announced the Memorandum of Understanding regarding the ownership of the Ladoke Akintola University of Technology (LAUTECH), Ogbomoso which we signed with the Osun State Government. As at now, LAUTECH is wholly owned by the Oyo State Government.”
“For these reasons, the education sector leads in terms of budgetary allocation of fifty-six billion, three hundred and forty-eight million, three hundred and seventy-five thousand, six hundred and thirty-five Naira, fifty-five Kobo (N56,348,375,635.55) representing 21% of the total budget. This is an increase of about 12 billion Naira over last year’s budget.”
“Mr Speaker Sir, Distinguished Members of the Oyo State House of Assembly, please permit me, at this point, to present to you the Oyo State 2021 Budget Proposal. The total budgeted sum is Two Hundred and Sixty-Six Billion, Six Hundred and Forty-Four Million, Two Hundred and Seventy-Three Thousand, Three Hundred and Five Naira, Four kobo (₦266,644,273,305.04). This sum represents a 53.16% increase over the 2020 revised budget.”
In his remarks, the speaker, Mr. Adebo Ogundoyin, assured that the assembly would work with executives and other stakeholders to ensure at least 70% budget performance for 2021, which he said, was the focus of the governor as against 50.03% performance of the outgoing fiscal year.
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The ceremony which held at the state House of Assembly, Agodi Secretariat, Ibadan had in attendance, top government functionaries, members of the state assembly, community leaders, traditional rulers trade groups among others.
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