Ogun to Fund 47.23 per cent of 2015 Budget with IGR Ogun State Governor , Senator Ibikunle Amosun has said the state would fund 47.23 per cent of its 2015 N210.354 billion proposed budget from its Internally Generated Revenue (IGR). Presenting the 2015 Appropriation Bill, titled, “Budget of Continuity” to the State House of Assembly yesterday, Amosun said it would be funded as follows: IGR, N99.35 billion (47.23 per cent); Federation Account, N53billion (25.20 per cent) and Capital Receipt, N58 billion (27.57 per cent). The budget, which he stated is aimed at sustaining the tempo already achieved in the Mission to Rebuild the State by taking it to an enviable pedestal through all around development strategy comprises Capital Expenditure of N118.26 billion (56 per cent) and Recurrent Expenditure of N92.09 billion (44 per cent). We are proposing a Budget of N210.354 Billion for the 2015 Financial Year, which is about the same as the 2014 Budget of N210.28b. The rationale for this is that the macro-economic outlook driven by the global oil prices suggests a contraction in the national economy. I have always maintained that Ogun State is not immune from the wider economy. However I am confident that we will be able to maintain our budget size by innovatively growing our Internally Generated Revenue, he said. In line with the Government’s five cardinal programmes, the Affordable Qualitative Education programme got the highest allocation of N42,565,400,000 billion (20 per cent), follow by the Rural and Infrastructural Development/Employment Generation, N34,423,000,000 (16 per cent), Affordable Housing and Urban Renewal, N22,373,726,000 (11 per cent), Efficient Health Care Delivery, N20,282,700,000 (10 per cent)and Agricultural Production leading to Industrialisation, N10,641,350,000 (five per cent). While reiterating that the administration would continue to impact positively on the people, the governor noted that various project initiated and completed and the improved economic development of the State are positive indicator that shows that the state is on the right track. He enumerated some of the projects of the government to include 12 model schools across the three senatorial districts of the state, the Mobalufon Junction flyover on the Sagamu-Benin Expressway Ijebu-Ode, which according to him had helped to stop carnage witnessed daily at the junction. They also include the transformation of Ota township outlook, the six-lane road which has changed Ayetoro as well as the on-going Home Owners’ Charter that enables residents to regularise their title documents at highly discounted rates. Giving an insight into plans of the government in 2015 in the Education Sector, he said it would rehabilitate all public schools in all the Local Government Areas in the state with the provision of additional classrooms and more conducive learning environment for pupils and sponsorship of Post Graduate Programmes within and outside the country. In the Health Sector, Amosun said government would build nine medium sized hospitals in all the nine Federal Constituencies, embark on massive recruitment of health professionals while the Agricultural Sector would be boosted with the purchase of additional 40 units of refrigerated meat vans, establishment of diagnostic laboratories for veterinary services and the upgrading of farm estates in the state. The focus in the Affordable Housing and Urban Renewal programme will see to the construction of Mitros City, Akute, construction of two units of Mechanic Workshop each of Kobape, Ilaro and Ijebu Ode and International Convention Centre at Abeokuta. He said water projects would be spread across the 20 Local Government Areas just as it would also construct 36 motorised borehole water schemes for rural communities and small towns and the construction of 30 solar-powered borehole water schemes for communities not connected to the national grid. Under its Rural and Infrastructural Development programmes, Amosun said all on-going road projects would be completed while plans are on for a cable bridge over Ogun River which will link the 10-lane boulevard coming from Sapo via Itoku to Lafenwa. The governor solicited for continued support and cooperation of stake holders to collectively deliver the promises and surpass previous achievements, saying, “Let me assure you that in the coming year, we shall strive with renewed strength and vigour to make our state the best in service delivery to our people. “Our Mission to Rebuild is commitment to continuous improvement until we create an Ogun State that is the pride of the region and indeed the nation and solidly entrench the foundation for a new and better Ogun State.”
Posted on: Tue, 18 Nov 2014 16:53:10 +0000
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