February 24, 2024
Ogun State governor, Prince Dapo Abiodun, on Thursday signed the 2023 budget into law.

Abiodun signs N472bn 2023 budget into law

Signing the N472,250,694,447.57b Appropriations Bill as passed earlier by the State House of Assembly, Abiodun said he would ensure full implementation of all items on the bill to sustain the momentum of “Building Our Future Together Agenda” of his Administration.

“This budget is reflective of what the people of Ogun State want. I can assure you that on our part, we will ensure implementation of the budget.

“Through this budget, our people will enjoy the full dividends of democracy”, he noted.

He thanked the Speaker and members of the House of Assembly for their diligence which culminated in the passage of the budget before the end of 2022.

Governor Abiodun had presented the N472,250,694,447.58bn Budget of ‘Continued Development and Prosperity’, consisting of N270.41bn for capital projects, while N201.84bn was earmarked for recurrent expenditure, barely a month ago.

The signed budget has adjustments in the recurrent and capital estimates and projected revenue in 31 different areas across 26 agencies.

The passage of the bill entitled: ‘H.B. NO. 084/OG/2022-Year 2023 Appropriation Law-A Bill for a Law for the Appropriation of the sum of Four Hundred and Seventy-Two Billion, Two Hundred and Fifty Million, Six Hundred and Ninety-Four Thousand, Four Hundred and Forty-Seven Naira, Fifty-Seven Kobo Only from the Consolidated Revenue Fund for the Service of Ogun State Government, Nigeria for the Financial Year Ending Thirty-First Day December, Two Thousand and Twenty-Three’, was consequent upon the presentation of the report of House on November 17.

Ogun State House of Assembly passed the Bill as presented by the Committee on Finance and Appropriation led by its Chairman, Olakunle Sobunkanla, who also moved the motion for its adoption, seconded by his deputy, Ganiyu Oyedeji and subsequently supported by the Whole House through a unanimous voice vote.

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