Amosun Rejects Call For Minimum Wage Reduction As Ogun Budgets 200.3bn For 2016

Ibikunle-Amosun-Ogun-BudgetGovernor of Ogun state, Senator Ibikunle Amosun has presented the 2016 budget proposal before the House of Assembly.

The governor presented a budget estimate of N200.3b for the 2016 appropriation year.

In his speech at the 2016 appropriation bill presentation, Amosun also rejected calls by his colleagues for the reduction of the N18, 000 minimum wage.

The budget christened “Budget of Optimization”, according to the governor, would have 108b or 59% of the total budget from the Internally Generated Revenue (IGR) and expected N42b from the Federation Account.

He said: “Despite dwindling funds from the Federation Account, decisive and pragmatic steps must be taken as we seek to actualise our goals in Ogun State.

“We shall continue to demonstrate prudence while also exhibiting financial resourcefulness to ensure that projects across the state are completed”.

According to Amosun, the proposed budget would be allocated among the administration’s five cardinal programmes – affordable qualitative education N40,170,805,280; efficient health care delivery N14,346,259,000; agricultural production/industrialisation N10,167,958,000.

Others are affordable housing and urban renewal N26,567,290,663 as well as infrastructural development/employment generation N31,048,600,000 and miscellaneous N77,973,540,409.

He assured the people that all projects, particularly roads, would be completed before the expiration of his tenure in 2019.

The governor explained that N99.29 billion (49.6 per cent) was allocated to capital expenditure while N100.98 billion (50.4 per cent) went to recurrent expenditure.

In his remarks, Speaker of the House, Suraj Adekunmbi, assured that the bill will be treated with urgency even as he called on the people of Ogun state support the Amosun administration because it meant well for the state.

 

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