Oyo state governor, Engineer Seyi Makinde on Wednesday, signed into law the revised 2019 budget of Oyo state.
The brief ceremony was held at the executive chamber of the governors office, Agodi, secretariat, Ibadan.
Recall that insideoyo.com had earlier reported that the Oyo state House of Assembly passed into law N182billion as the state appropriation bill for the year ending.
A post on Makinde’s official twitter account reads “This afternoon, I signed the Oyo State Appropriation Review and Finance Bill, 2019, a revised budget for the state, into law. In view of the current financial state of our state, the budget of N285B approved by the previous administration was unrealistic.
“We have revised the budget downward to N182B; this includes an upward review of the budget for education to 10% of the total budget. Our administration will work towards improving the economy of the state so that subsequent budgets match our financial capabilities and budget implementation is above 70% .”
Details later…
