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Oyo Assembly Passes N285 Billion Budget For 2019

February 1, 2019
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Oyo Assembly Passes N285 Billion Budget For 2019

by Jamaz
February 1, 2019
in Home, Political News
0
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The 2019 appropriation bill of Oyo State to the tune of N285,151,248,190.48 was, on Thursday, passed into law with the state Assembly decrying the below average performance of Ministries, Departments and Agencies in generating revenue internally, in the past year.

Contained in a report of the appropriation committee on the 2019 budget as presented by its Chairperson, Honourable Bolanle Agbaje, the Assembly said the MDAs attributed the handicap to difficulties in getting required logistics and running grants for monthly operations.

The report, particularly, pointed to serious complaints by MDAs, during budget defence, about bureaucratic bottlenecks in getting approval for the execution of their programmes.

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For an improved performance of the 2019 budget, the Assembly urged the executive arm of government to release rebate all its revenue generating MDAs as an incentive to boost internal revenue generation.

Calling for rigorous revenue drive, the Assembly tasked the executive arm to deal with tax defaulters, in accordance with provisions of the law.

The approved budget covers a recurrent of N121,619,813,614.24 and capital expenditure of N163,531,434,576.24, and is an upward review of N151.2 million from the N285 billion presented by Governor Abiola Ajimobi on December 31, 2018

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Tags: 2019 appropriation bill2019 budgetAbiola AjimobiOYHAOyo APCOyo stateOyo State House of Assembly
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