The Oyo state governor, Senator Abiola Ajimobi on Monday said the state is a very challenging state to rule.
He also added that his government is leaving the state much better than how he met it.
Ajimobi said this in Ibadan during the 2019 budget presentation to the Oyo State House of Assembly.
“Oyo is a very challenging state to rule but our administration is leaving Oyo State much better than we met it. We met Oyo State a state of bricks and we are leaving it a state of marble,’’ he said.
The News Agency of Nigeria (NAN) reports that the economic and social sectors made 61.5 per cent and 30.19 per cent respectively of the total N163.47 capital expenditure in the 2019 Appropriation bill.
NAN also reports that the appropriation bill christened, ‘Budget of Sustainability,’ had N163.47 billion (57.36 per cent) as capital expenditure and N121.53 billion (42.64 per cent) as recurrent expenditure.
Ajimobi, who listed other priority sectors as Administration, Law and Justice, said the government would focus more on Internally Generated Revenue to finance the budget.
The governor, who admitted that the 2018 budget performed below expectation, said government was unable to meet up with the expected revenue.
“The 2018 revenue performed at 27.26 per cent instead of 75 per cent of the approved budget and 36.34 per cent on pro-rata as at September, while expenditure for the same period, performed at 25.24 per cent instead of 75 per cent on approved budget and 33.66 per cent on pro-rata.
“The 2018 figures show a decrease on the prior year 2017 performances which were 46.95 per cent and 62.63 per cent on revenue and 46.09 per cent and 61.46 per cent on expenditure on approved and pro-rata estimates over the same period,” he said.
