Osun Assembly Passes #109.8bn 2021 Budget

 

 

The State of Osun House of Assembly has passed the 2021 budget presented by Governor Oyetola before the Legislature on November 10, 2020.

The passed budget has a total of (#109,855,051,640) One Hundred and Nine Billion, Eight Hundred and Fifty-Five Million, Fifty-One Thousand, Six Hundred and Forty Naira with the recurrent expenditure of #50,620,283,140,00 and capital expenditure, which stands at #59,234,768,500,00.

The year 2021 budget is #9,695,349,400 lower than the 2020 budget passed by the State House of Assembly.

The Speaker, RT. Hon. Timothy Owoeye at plenary commended his colleagues and the House Committee on Finance and Appropriation for their painstaking effort in swiftly considering the 2021 Appropriation bill.

He noted that the budget focused strongly on post COVID-19 recovery with huge investments in the economy and a whopping sum of #1.4bn budgeted for Youth Development to address the issue of Youth festiveness in the state.

Owoeye charged the implementing Ministries and agencies not to dampen the morale of the Assembly by continually working hard to deliver on all the components of the budget.

The Speaker reiterated the resolve of the Assembly to strengthen its oversight mechanism, saying the House is going to hold quarterly budget performance interaction with MDAs as well as sustaining public engagement to enable it get factual feedback from the People.

In his words, “The House is aware of the second wave of the Coronavirus, we encourage our people to begin to take necessary precaution to prevent community transmission of the disease.

“I am also charging the State Government and relevant health stakeholders to coordinate an early response system to this second wave, we did it during the first wave and we are confident we can overcome any wave.

“To the glory of God and the prosperity of our state, we hereby pass the 2021 budget, we will transmit same to the Governor for accent. The budget has been uploaded on the House of Assembly website for transparency, accountability and feedback”. The Speaker emphasised.