PHOTOS: Seyi Makinde Assents To 2023 “Budget Of Sustainable Development” • Says Oyo IGR Increased
Oyo State Governor, ‘Seyi Makinde, on Friday, signed the State’s 2023 Appropriation Bill, christined, “Budget of Sustainable Development” into law in Saki, Oke Ogun zone of the state.
The governor, who assented to the bill at the headquarters of the Oyo State Agribusiness Development, Agency, (OYSADA), in Saki, lauded the lawmakers for timely passage of the bill.
A statement by the Chief Press Secretary to the governor, Mr. Taiwo Adisa, quoted the governor as saying that the budget would aid the completion of some projects as well as the state’s development initiatives.
He added that his administration has been able to increase the state’s Internally Generated Revenue(IGR) to over N3.8 billion.
He said: “I have just signed the budget into law right here in Saki.
“So, history has been made. Let me use this opportunity to thank the Speaker and other members of the Assembly for the speedy passage of the budget.
“I learnt that the lawmakers stayed very late to sign the budget yesterday( Thursday) and also that they were able to manage the House of Assembly workers, PASAN.
“This is a budget of sustainable development. We know that some of the projects and the work we started must be completed in 2023. So, this is a budget that has N155,677,143,034.34 for recurrent expenditure and N154,755,366,965.64 for capital. You will notice that recurrent is slightly higher than the capital expenditure and this is because we are going into a transition period.
“In 2023, a new Assembly will come in even though I hope that majority of the current members will still be returned.
“Right now, we have 27 PDP members in the State Assembly. For 2023, it will be 32/32.”
The Governor stated that the state’s budget has always performed above 50 percent, since he came into office adding that the decision to sign the budget in Saki was historic.
He also said that the decision was a testimony to the fact the state’s economy is integrated across all zones.
