From: Femi Oyelola, Kaduna
The Governor of Osun State, Adegboyega Oyetola, on Tuesday presented a total sum of one hundred and nine billion, eight hundred and fifty-five million, fifty-four thousand, six hundred and forty naira (N198,854,051,640.00) as 2021 appropriation estimates to the State House of Assembly.
This is even as the Governor unveiled a bumper plan of his administration for the youth segment of the State’s population christened Youth Empowerment, Youth Engagement, Youth Enterpreneuship and Youth Education (4Es).
This was contained in a statement signed by his Chief Press Secretary Ismail Omipidan and made available to media in kaduna yesterday.
Christened Budget of Providence, the Appropriation Bill puts recurrent expenditure at N50,620,283,140.00 representing 46 percent, while capital expenditure was N59,234,768,500.00 representing 54 percent.
The breakdown of the budget indicated that the education and health sectors got substantial shares as N10,711,328,430.00 representing 18.08 percent was allocated for education sector while health sector received N10,647,909,910.00 representing 17.98 percent.
Similarly, N4,271,461,870.00 representing 7.21 percent was earmarked for infrastructure sector while Water and Sanitation sector got N4,220,446,550.00.
The sum of N3,404,734,560.00 representing 5.75 percent was budgeted for agriculture sector; N1,134,043,200.00 representing 1.91 percent for Commence and Industry sector; N1,515,122,570.00 representing 2.56 percent for Governance and Administration; N173,035,800.00 representing 0.29 percent for Economic Planning and Budget sector; N167,247,560.00 representing 0.28 percent for Environment sector; and N638,460,000.00 representing 1.08 percent for Social Development and Welfare sector.
Also, N1, 487,110,159.00, representing 2 percent of the total budget has been earmarked for youth related activities.
Furthermore, N134,379,500.00 representing 0.23 percent was budgeted for Security Justice sector and N155,830,830.00 representing 0.62 percent for Information and Communication sector.
It will be recalled that the state government presented a total sum of one hundred and nineteen billion, five hundred and fifty million, four hundred and one thousand and forty naira N119,550,401,040.00 as 2020 Budget which was later reviewed, thus reducing the total size to eighty-two billion, two hundred and twenty nine million and seventy thousand, seven hundred and sixty naira N82,229,070,760.00
Presenting the 30th Annual Appropriation Bill before the members of the State House of Assembly, Governor Oyetola said the 2021 Draft Budget was crafted based on the State of Osun Development Plan (2019-2028).
He said that the appropriation bill was also crafted in line with the Medium Term Sector Strategy (2021-2023); the administration’s manifesto; “Thank You Tour report” as well as the Citizens’ Need Assessment carried out in the 30 Local Governments plus one Area Office of the State.
Speaking on the main features of the budget, Oyetola said inputs were sought from various stakeholders in the process of the formulation of the Appropriation Bill being presented.