The Osun House of Assembly has passed the 2018 appropriation bill of N179.2 billion.
The budget has N92.6 billion as capital expenditure, representing 51.1 per cent and N86.6 billion as recurrent expenditure, which represents 48.9 per cent.
Gov. Rauf Aregbesola had presented a budget, christened ‘Budget of Enduring Legacy’. on Dec. 28, 2017, to the assembly.
Speaker Najeem Salaam explained that the delay in the passage of the budget was because the lawmakers were being painstaking to ensure an acceptable and practical budget was presented to the state.
Salaam, however, urged the state government to immediately release funds to Ministries, Departments and Agencies of government as soon as possible to allow them to function effectively.
The speaker also urged all revenue generating agencies to improve their operations to enhance the accruals from the Federation account.
Speaking with newsmen soon after the passage of the bill, the House Committee Chairman on Information and Strategy, Mr Olatunbosun Oyintiloye said the budget was increased by N5.2 billion by the assembly.
Oyintiloye who expressed satisfaction at the passage of the ‘Budget of Enduring Legacy’ said the increase represents 3.03 per cent from the original budget proposal.
“It is a budget of hope with the capital expenditure higher than the recurrent expenditure.
“With the sectoral allocation, I believe it is a budget for the common man, which is promising and achievable if all hands will be on deck”, Oyintiloye said.
Oyintiloye said that the assembly, through its standing committees would ensure proper implementation of the budget and its performance.
The passage of the budget followed a motion moved by the leader of the house, Mr Timothy Owoeye and seconded by Mr Kamil Oyedele, the House Chairman on Finance and Appropriation at the plenary on Wednesday in Osogbo.
By Adeyinka Aremu, Osogbo