Dapo Abiodun, the governor of Ogun State, on Wednesday, December 2, 2020, presented N339 billion 2021 Appropriation Bill before the House of Assembly for consideration and approval, in line with Section 121 of the 1999 Constitution (as amended).
The Appropriation Bill tagged: “Budget of Recovery and Sustainability,” is the second since the inception of Abiodun’s administration on May 29, 2019.
The proposed N339 billion expenditure comprises the recurrent of N162billion and capital of N177billion.
To fund the 2021 budget, the projected Internally Generated Revenue, IGR, is N119 billion, statutory allocation, N59 billion, while receipt stands at N142 billion, which comprises external loan, grants, and aids.
A look shows that N28.4 billion is earmarked for debt servicing in 2021, representing an increase of N13 billion from N15.7 billion in 2020, while an aggregate sum of N155 billion is expected to be available for physical capital projects in 2021.
The projection, Governor Abiodun said, has been upwardly reviewed by N25 billion from the 2020 approval of N130 billion in order to chart an economic recovery growth through investment in physical projects.
Education takes N58 billion, youth empowerment, N6 billion; agriculture, N15 billion; and enablers, N106 billion.
The enablers include statewide services, general public service, public debt charges, stabilisation fund, judiciary, legislature, pensions, and gratuities.
Also, economic affair takes N75 billion, general public services, N49 billion; health, N35 billion; housing and community amenities N28 billion; while social and environmental protection gets N5 billion.
Public Order and Safety received N9 billion, recreation, culture, and religion collectively received N7billion, while statewide service is expected to take N73 billion.
According to the governor, the statewide services include public debt charges, stabilisation fund, pensions, and gratuities.
Kunle Oluomo, the speaker, assured the governor of the legislature’s required attention to the 2021 Appropriation Bill and its speedy passage.
