The Oyo State House of Assembly has passed the 2021 Appropriation Bill into law, jerking up the 2021 budget to N273.7 billion, from the initial proposal of N266.6 billion proposed by Governor Seyi Makinde.
The House passed the appropriation bill into law on Tuesday after deliberating on the report of the House Committee on Public Account, Appropriation and Public Finance’s during plenary.
Chairman of the Committee on Public Account, Finance and Appropriation, Hon. Akeem Mustapha, disclosed that the amendment proposed that the sum of over N136 billion was replaced with the sum of over N137 billion for total recurrent expenditure, while capital expenditures of N30.3 billion was replaced with N136.1 billion.
Mustapha opined that this is particularly praiseworthy as it enhances proper and meticulous monitoring and evaluation of budget performance and prevents wasteful spending and improper execution of government programs and projects.
Speaking with newsmen after Tuesday plenary, the Speaker Oyo House of Assembly, Rt. Hon. Adebo Ogundoyin, noted that the recurrent and capital expenditure are so close, because the state desire more infrastructural development in 2021.
He said, “We pledged our renewed commitment to thoroughly scrutinize the bill and give it accelerated passage, when it was brought to us by the executive and we have done just that.
“We often stop at this. We will always ensure and promote budget performance through our constitutional oversight functions, because we cannot afford to disappoint the good people of Oyo State.”
Presenting the budget, tagged: “Budget of Continued Consolidation,” to the Assembly earlier, Governor Makinde said that the budget was to ensure that the allocation to the education sector is also well above the recommendation of the United Nations Educational, Scientific and Cultural Organisation, UNESCO.