By Adeyinka Adeniran
Governor Seyi Makinde has presented a supplementary budget sum of ₦79,337,000,000.00 to the Oyo State House of Assembly under the 2024 fiscal year.
The supplementary budget, entitled “Oyo State Supplementary Finance Bill, 2024” which was sent to the lawmakers for legislative consideration and approval was presented to the House by the Speaker, Rt. Hon Adebo Ogundoyin while reading a message from the executive on the floor during Tuesday’s plenary.
The supplementary budget scaled through first reading and was subsequently sent to the House Committee on Finance, Appropriation, Budget and Economic Planning for further scrutiny.
Corenews reports that Oyo state currently implementing the 2024 Appropriation budget sum of over N438.4 billion which was approved by the House of Assembly and subsequently assented into law by Governor Makinde.
At Tuesday’s plenary session presided over by the Speaker, the legislature also considered first reading of Oyo State Supplementary Appropriation Realignment Bill, 2024.
Reading the two letters forwarded to the House by Governor Seyi Makinde, the Speaker said the Supplementary and realignment became necessary to address emerging priorities in the context of the current economic challenges and ensure effective implementation of critical key projects across the state.
According to him, it will also take cognizance of the payment of the newly approved minimum wage for the state civil and public service.
Consequently, the 2024 Budget will now increase from N438,447,878,548.39 to N517,784,878,548.39 for both recurrent and capital expenditures
The Supplementary Budget featured the realignment of some MDAs. They are: the Fire Service Agency, Ibadan Urban Flood Management Project, Oyo State Agribusiness Development Agency and Sustainable Development Goals.
Others are Ministry of Education, Science and Technology, Emmanuel Alayande University of Education, Oyo; First Technical University; Oke – Ogun Polytechnic, Saki; Ministry of Health; Oyo State Road Maintenance Agency; Water Corporation of Oyo State; The Judiciary; Ministry of Environment and Natural Resources among others.
