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Abiodun Unveils Proposed Ogun 2023 Budget Bill

Abiodun Unveils Proposed Ogun 2023 Budget Bill

Abiodun Unveils Proposed Ogun 2023 Budget Bill

Governor Dapo Abiodun of Ogun state has forwarded the state’s 2023 appropriation bill to the State House of Assembly for consideration and approval.

The budget bill proposed the spending of N472.25 billion during the 2023 fiscal year, higher than the outgoing N450.9 billion by N21.2 billion.

The governor presented  the bill christened ‘ the budget of continued development and prosperity’ before the assembly on Thursday, with top government officials and major stakeholders in attendance.

The breakdown of the bill gives N201.84 billion to the recurrent expenditure, while capital votes get N270.4 billion.

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According to the governor, the budget is to be financed with internally generated revenue of N90 billion, as well as N120.2 billion revenue from ministries, departments and agencies.

Other sources of projected revenue are statutory allocation (N92 billion), as well as N128.37 billion from capital receipts, including external loans, grants and aids.

The governor said the major focus of the proposed 2023 budget would be the completion of ongoing major capital projects, including power generation projects, the dry port project at Kajola, as well as rehabilitation and construction of roads.

Other priority projects include the Agro Cargo Airport, Ilishan Remo, procurement and installation of transformers and construction of pilot and rural roads.

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