Ogun budgets N210.2 billion for 2014

November 19, 2013 4:34 PM

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The Ogun State Governor, Ibikunle Amosun, on Tuesday, presented an Appropriation Bill of N210.2 billion for the 2014 fiscal year to the State House of Assembly.

The budget, which he tagged, Budget of Consolidation, was slightly lower than the 2013 budget which was N211.79 billion.

Mr. Amosun explained that the leaner 2014 budget was as a result of dwindling revenue from the Federation Account.

He, however, noted that, despite the drop in revenue from the Federation Account and the tough economic environment, the performance of the 2013 budget, as at 30 September, stood at 64.2 per cent.

He added, “Despite these challenges, we have remained focused and creative to ensure that we meet all of our obligations as and when due, particularly in the payment of staff salaries and allowances, funding of our capital projects as well as meeting our borrowing obligations.”

He explained that the 2014 Budget comprised of N117.51 billion Capital Expenditure which represented 55.90 per cent, and N92.7 Billion Recurrent Expenditure accounting for the balance of 44.1 per cent.

“The slight increase in capital allocation reflects our commitment to sustain the growth of infrastructure in the state while we seek efficiencies in our Recurrent Expenditure,” he said.

He said that the government planned to fund the budget through Internally Generated Revenue of N84.12 billion or 40.02 per cent. He said N70.25 billion or 33.42 per cent would come from the Federation Account while Capital Receipts of N55.83 billion, representing 26.56 per cent would make up the balance.

For the Recurrent Expenditure, N57.15 Billion or 61.65 per cent would go to Personnel Costs like pensions, while Overhead Expenses would account for N35.55 billion representing 38.35 per cent of the budget.

The governor then gave the breakdown of the budget under his administration’s five-cardinal program, with Education retaining the lion share of N43.99 billion or 21 per cent. Agriculture got N10.52 billion or five per cent, N26.74 billion or 12.72 per cent was allocated to Housing, while Rural and Infrastructural Development got N34.66 billion or 16.5 per cent.

Mr. Amosun also spoke of his administration’s plans to inject 100 new mini-buses, as well as 250 new taxis, into the transport sector of the state.

“In the area of roads, our focus will be on the completion of the 14 Ogun Standard roads projects that are currently ongoing state-wide. In addition, we plan to commence a number of new road projects which include: Papalanto to Ilaro Road; Ijebu-Igbo Township Road; Adatan-Enugada Road; and Cable Bridge at Lafenwa Ayetoro Road. We will also commence the construction of at least two roads in each of the 20 Local Governments which will be handled by the Ministry of Works engineers through direct labour,” he said.

On security, the governor noted, “Our approach will be proactive and strategic. In this regard, we plan to purchase additional security equipment including 200 fully fitted Hilux Vehicles to support the police and other security agents.”

The governor listed the major initiatives of his administration in the health sector for 2014 as: renovation and equipping the facilities of the five state hospitals as well as the general hospitals across the state; upgrade of equipment and facilities at Olabisi Onabanjo Teaching Hospital, OOUTH, at Sagamu; and massive recruitment of medical personnel and provision of drugs in the hospitals.

Others include the construction of model primary health centres in each of the nine Federal Constituencies of the state; establishment of a state of the art diagnostic centre in Abeokuta; commencement of the construction of three additional general hospitals; and the establishment of a cancer centre at the Olabisi Onabanjo Teaching Hospital, Sagamu.

Source: premiumtimesng.com

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