BREAKING: Adeleke Presents N273bn 2024 Budget To Osun Assembly
Osun State Governor, Senator Ademola Adeleke on Thursday, presented a budget of N273, 908, 997, 410:00 for the 2024 fiscal year to the Osun State House of Assembly.
The budget, tagged “Budget of Reconstruction and Recovery”, was made of N165,654,976,700:00 for recurrent expenditure and N108,254,020,710:00 for capital expenditure.
While presenting the budget, Adeleke said the achievements recorded by his administration would not have been possible without the house’s support.
Governor Adeleke also thanked the honourable members for their collective efforts and cooperation in taking the state to greater heights.
According to him: “In conformity with the existing laws which stipulate that the draft Budget of the State should be presented to the House for approval before the end of the year, I am pleased to present to the honourable members of Osun State House of Assembly through the Honourable Speaker, the Draft 2024 Budget of Osun State.
“I sincerely thank the Hon. Speaker and all the Honourable members of the Assembly for your mutual understanding, cooperation in our collective effort and desire to take our dear State to greater heights. Without iota of doubt, whatever achievement we have recorded so far could not have been possible, but for your support.
“I therefore, on behalf of the Executive Arm express our gratitude to the entire House and hoping to receive more of such support in the coming years.
“Hon. Speaker, I am highly delighted to present to you and honourable members of the Assembly, the 2024 draft Budget tagged “BUDGET OF RECONSTRUCTION AND RECOVERY” in the sum of Two Hundred and Seventy- Three Billion, Nine Hundred and Eight Million, Nine Hundred and Ninety -Seven Thousand, Four Hundred and Ten Naira (N273,908,997,410.00).
“This figure is made up of recurrent expenditure of One Hundred and Sixty-Five Billion, Six Hundred and Fifty Four Million, Nine Hundred and Seventy-Six Thousand, Seven Hundred Naira (N165,654,976,700.00) and capital expenditure of One Hundred and Eight Billion, Two Hundred and Fifty-Four Million, Twenty Thousand, Seven Hundred and Ten Naira (N108,254,020,710.00).
“The tag for this budget reflects our current focus of rebuilding the battered state we inherited. It is a sign we are targeting recovery after successful revamping of all sectors of Osun society. I assure honourable members that the executive arm has the will and the determination to ensure achievements of budgetary goals once this proposal is passed into Appropriation Act.
“Today, I am reassured of our collective partnership for a new Osun of our dream. You have in me a Governor with firm belief in executive-legislative collaboration for development.”
Hafsoh Isiaq is a graduate of Linguistics. An avid writer committed to creative, high-quality research and news reportage. She has considerable experience in writing and reporting across a variety of platforms including print and online.
