33.2 C
Tuesday, December 6, 2022

Oyebanji presents N113.6b 2023 budget

Victor Akinkuolie, Ado-Ekiti

Ekiti State Governor, Mr Biodun Oyebanji yesterday presented the proposed 2023 Appropriation Bill of N113.6 billion to the State House of Assembly.

The proposed budget, christened “Budget of Strong Beginning” was presented by the Governor at the plenary on Thursday,  presided over by the Deputy Speaker, Mr Hakeem Jamiu.

The motion for admission of the Governor into the chamber  was moved by the Majority Leader, Mr Gboyega Aribisogan, from Ikole Constituency 1 and seconded by Mrs Olubunmi Adelugba Emure Constituency in pursuant to Section 121(1) of the 1999 (as amended) of Nigeria.

According to the Governor, the recurrent expenditure of over N80.36 billion takes about 70 per cent, while the capital expenditure of over N34.06 billion takes 30 per cent of the total proposed budget.

Oyebanji in his speech, reiterated the commitment of his administration at making life meaningful to the people, saying the infrastructure sector would receive much attention in the 2023 budget.

He said to reduce dependence on the dwindling Federal Allocation, the proposed budget will focus more on how to increase the Internally Generated Revenue, (IGR).

He also promised that government will invest more in the provision of infrastructure like water, roads, electricity and housing among others with N15.7 billion (46.2 per cent)

He explained that his administration will focuse on the infrastructure sector aimed at making the state economically viable by creating the enabling environment for investors to come in and invest in the State.

Oyebanji explained that in line with the present administration’s vision to reduce governance cost; his administration had directed that Ministries, Departments and Agencies, (MDAs) will no longer sponsor seminars, workshops that will not add direct values to the people.

“My vision is for Ekiti to be a land of prosperity and opportunity for all. The 2023 proposed budget is developed in line with my adminstration’s six points agenda.

“The drafting of the budget, which is all inclusive participation, is aimed at creating the enabling environment for the state to strive,” he stated.

He, therefore, called for the cooperation of members of the state Assembly and the entire Ekiti people to ensure that his administration deliver more dividends of democracy to the state, promising to be open and transparent in his policy implementation.

Earlier, in his address, the Deputy Speaker, Akeem Jamiu, assured of the continued support of the legislature to deepening democracy in the state.

Jamiu lauded Governor Oyebanji for hitting the ground running, saying that his action demonstrated the seriousness of purpose the new administration was bringing into governance.


Please enter your comment!
Please enter your name here

Latest news


Related news