Oyo State House of Assembly on Wednesday passed into law the N50 billion supplementary budget forwarded to it by the Governor Seyi Makinde.
The bill was passed after the consideration of the report of the Adhoc Committee on Public Account and Appropriation headed by Hon. Akeem Mustapha during Wednesday plenary.
Recall that the Governor had on Tuesday, in a letter sent and read on the floor of the house, requested for the passage of the N50billion supplementary budget, saying the fund is to cater for three specific things whiche were not captured earlier in the passed 2021 appropriation bill.
The request scaled through firs and second reading on Tuesday with the lawmakers adjourning to yesterday (Wednesday) on the ground that quick and prompt attention be given to the governor’s request.
The bill after the clause-by-clause consideration at the Committee of the Whole House chaired by Speaker Adebo Ogundoyin, was unanimously passed into law by the lawmakers.
Speaking with reporters shortly after the plenary, the chairman of the Adhoc Committee, Akeem Mustapha, said the budget was for infrastructural development of the state.
The three projects according to the Governor Seyi Makinde include Ibadan Circular Road (N25b), Iseyin-Ogbomoso Road (N15b) and Ibadan Airport Improvement (N10b).
The governor explained that the fund will be provided by the Central Bank of Nigeria under the Differentiated Cash Reserves Requirements (DCRR) of which one hundred billion naira was approved by the state’s House of Assembly.
Meanwhile, the house also on Wednesday screened and subsequently approved the appointment of Mr. David Okedeji as the Chairman, Oyo State Audit Service Commission.
Mr. Okedeji who hailed from Oyo town thanked Governor Makinde for the appointment and promised to discharge his duties for the development of the state.
He said the establishment of the Oyo State Audit Service Commission was long overdue considering its importance to the smooth running of governance.
