Skip to main content

Oyo Assembly Passes N213 Billion 2020 Budget Into Law |OGBOMOSO INFO|




The Oyo state house of Assembly has on Friday passed to law the total of 213,278,033,200.97k (Two hundred and thirteen Billion, two hundred and seventy – eight million, thirty three thousand, two hundred naira, and ninety seven kobo) as the Oyo state Budget and Appropriation Bill for 2020 fiscal year.
The budget passage was jacked up with the additional sum of 4.4 billion naira against the initial 208,802,972,878 that was presented to the honourable house by the Executive governor of Oyo state, Engr. Seyi Makinde on Wednesday, 23rd of November, 2019.
The sum of 110,427,855,919 (One hundred and ten billion, four hundred and twenty – seven million, eight hundred and fifty five thousand, nine hundred and nineteen naira) has been assigned for recurrent expenditure while the sum of 103,360,177,083.97k (One hundred and three billion, three hundred and sixty million, one hundred and seventy seven thousand, eighty three naira, ninety sevenen kobo is to see into the capital expenditure.
The Chairman House Committee on Public Accounts, Finance, and Appropriation, Hon. Olatunde Kehinde while presenting the committee’s report prior to the passage noted that the Governor of Oyo State, Engr. Seyi Makinde shows genuine commitment of his administration.
He added that the benchmarking of the 208.8bn proposed by Governor Seyi Makinde is a step towards achieving a realistic budget come year 2020.

Comments

Post a Comment

Popular posts from this blog

ALAGBA OF OGBOMOSO: THE LEGENDARY TORTOISE

     The Oldest Living Animal In Nigeria. The story  that caught the attention of the members of the "Nigeria NewsInfo"team today was the story of the 345-year old tortoise, also referred to as “Alagba”. Alagba, according to a worker in the palace, Alagba was brought to the palace during the reign of Oba Kumoye Ajao (one of the earliest kings that the city had) and the creature according to him is not only the oldest but the biggest in the world according to the Guinness Book of World Records.  Tourism is not complete in Oyo State without a reference to Alagba - a giant male  tortoise in Ogbomoso Palace.Alagba was  said to be more than three centuries old ,thereby making it the world`s oldest living tortoise . Alagba, a giant male land tortoise believed to be over 330 years is still alive at the palace of Soun of Ogbomosoland in Oyo State. The legendary tortoise who lumbers about in the palace is popularly called “the elderly one”....
Post a Comment
Read more

BREAKING: Lanlehin Withdraws From Coalition Over ‘Non-compliance’ By Makinde

  Senator Olufemi Lanlehin (Solan), Oyo State Leader of the African Democratic Congress (ADC) has announces forthwith, his personal withdrawal from the coalition he has with Engr. Seyi Makinde, the Oyo State governor; Recall that Senator Lanlehin, former Oyo State gubernatorial candidate of the African Democratic Congress (ADC) joined forces with other opposition parties’ governorship candidates to back Makinde, and the gubernatorial victory was thereupon resounding; Lanlehin, who hinged his decision to quit the coalition on what he termed Governor Makinde’s non compliance with the spirit and letters of the terms of the  gubernatorial pre-election agreement reached, however maintains that his party, the ADC is at liberty to remain in the coalition, and believes it should, in fact, remain; Lanlehin, going forward, states that while he remains a committed member of the ADC, he would adopt a “siddon look” posture in the governance of Oyo State and allied matters; Rememb...
Post a Comment
Read more

ECOWAS Adopts ECO As A Single Currency

Countries within the West African sub-region will be able to use a single currency from January 2020 The currency which is called ECO was adopted by the Authority of ECOWAS Heads of State and Government on Saturday in Nigeria’s capital Abuja. The West African leaders endorsed the currency at their 55th Ordinary Session and approved a road map towards the currency’s issuance in January 2020. There roadmap is to ensure that all member countries meet three primary criteria for the adoption of the currency. The criteria for adoption includes member countries having a budget deficit of not more than 3%; average annual inflation of less than 10% with a long-term goal of not more than 5% by 2019. Member countries were also expected to have gross reserves that can finance at least three months of imports. The other convergence criteria that have been adopted by ECOWAS are public debt or Gross Domestic Product of not more than 70%. There is also the issue of central banks fina...
Post a Comment
Read more