Governor of Osun State, Ibikunle Amosun, has signed into law the state’s 2018 Appropriation Bill of N343.9bn, the budget is N1.4bn less than the N345.4bn earlier presented to the House by the governor.
Amosun signed the bill into law at the Governor’s Office, Oke-Mosan, Abeokuta, after it was presented to him by the Speaker of the state House of Assembly, Suraju Adekunbi.
He thanked the leadership of the House for the speedy passage of the bill and the cooperation given the Executive.
“Without the budget being in place, it would be difficult for us to govern the people of the state” he said.
Amosun assured the people that his government would execute more developmental projects that would surpass previous years.
While thanking the Legislature and the Judiciary for their complementary roles, the governor said no one arm of government could do it alone.
The governor promised that more dividends of democracy would be delivered to the people in 2018,
While presenting the bill, the Speaker said the House had done a thorough job on the budget.
The Ogun State House of Assembly had earlier issued a statement where it confirmed that it had passed the budget.
According to the statement, the passage of the over N343bn budget had recurrent expenditure of nine agencies adjusted, just as four agencies also had their capital expenditures reviewed.
The revenue targets of the nine agencies including proposed external loans were also adjusted.
The statement read further, “The passage of the bill was sequel to the presentation of the report of the House Committee on Finance and Appropriation led by Akanbi Bankole, who thereafter moved the motion for its adoption.
“It was seconded by Israel Jolaoso and supported by the whole House through a voice vote.
“Capital expenditure was slashed from N223.721bn to N222.881bn resulting in a difference of N840m, while the total revenue target was moved from over N345.418bn to over N343.983bn giving a reduction of over N1.434bn.
“The bill was thereafter read clause-by-clause before the members by the Speaker, Suraju Adekunbi, while the Minority Leader, Olawale Alausa, moved the motion for the third reading, which was seconded by Jimi Otukoya and the Clerk of the House, Lanre Bisiriyu, did the third reading of the bill.”
The Speaker commended his colleagues and the entire members of staff for their support and dedication to duty which led to the speedy passage of the appropriation bill and later directed that the clean copy of the bill be sent to the governor for his assent