Governor Ajimobi Signs N271 billion 2018 Appropriation Bill For 2018 Into Law

Oyo state Governor, Senator Abiola Ajimobi has signed into law, the 2018 appropriation bill, amounting to N271.57 billion. The Governor who took to his social media to make the announcement was spotted with some members of the State House of Assembly members and some members of the executive as the bill was signed into law.

The Oyo State House of Assembly on 1st of March, 2017 passed the state’s 2018 Appropriation Bill of N271.57 billion.

This followed the adoption of the reports and recommendations of the House Committee on Public Accounts, Finance and Appropriation, headed by Mrs Bolanle Agbaje.

The House presided over by the Speaker, Mr Michael Adeyemo, unanimously consented to the passage of the bill.

The House passed the bill after a clause by clause considerations and amendment proposed to the initial N267 billion budget presented by Gov. Abiola Ajimobi on Dec.14, 2017.

Ajimobi had christened the Appropriation Bill a “Budget of Stabilisation”.

The House approved N119.631 billion as the total recurrent expenditure and N149. 941 billion as the total capital expenditure for the year ending Dec. 31, 2018.

The speaker commended members of the committee for thorough scrutiny of the budget within a short time-frame.

He implored the executive arm of government to look into giving a quick assent to the Appropriation Bill.

Adeyemo further urged it to work in line with the findings of the House in order to achieve a good budget performance for the fiscal year 2018.

Adeyemo, however, directed the Clerk of the House, Mr Paul Bankole, to send a clean copy of the bill to Ajimobi for his assent.

Full details of the appropriation have not been given, but political watchdogs and citizens alike will be keen to know how much some of the crucial sectors such as Health, Education, Agriculture, Security and Human Capital development were finally allocated. The capital expenditure was put at N147billion, while recurrent expenditure was put at 118billion, which is about 55% and 45% respectively.

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