Ibikunle Amosun

Ibikunle Amosun

Ogun To Spend N210.2bn In 2014

Ogun State's Governor Ibikunle Amosun

Ogun State’s Governor Ibikunle Amosun

Ogun State Governor, Senator Ibikunle Amosun, presented an appropriation bill of N210.2billion for the 2014 fiscal year to the State House of Assembly.

The budget, which he tagged ‘Budget of consolidation’, is slightly lower than the 2013 budget which was N211.79billion.

Governor Amosun explained that the leaner 2014 budget was as a result of dwindling revenue from the Federation Account, stressing, “We encountered some challenges in the implementation of the 2013 Budget…we are not insulated from the wider national economic challenges. The funds from the Federation Account and Value Added Taxes have been significantly lower than expected”.

He however said that despite the drop in revenue from the federation accounts and the tough economic environment, the performance of the 2013 budget, as at 30 September 2013, stood at 64.2%.

Senator Amosun was however happy that “despite these challenges we have remained focused and creative to ensure that we meet all of our obligations as and when due, particularly in the payment of staff salaries and allowances, funding of our capital projects as well as meeting our borrowing obligations.”

He explained that “the 2014 Budget comprises of N117.51 Billion Capital Expenditure which represents 55.90% and N92.70 Billion Recurrent Expenditure accounting for the balance of 44.10%. The slight increase in capital allocation reflects our commitment to sustain the growth of infrastructure in the State whilst we will seek efficiencies in our Recurrent Expenditure”.

He explained that the government plans to fund the budget through Internally Generated Revenue of N84.12bn or 40.02%, N70.25bn or 33.42 percent will come from the Federation account while Capital Receipts of N55.83 Billion representing 26.56% will make up the balance.

For Recurrent Expenditure, N57.15 Billion or 61.65% goes to Personnel Costs like pensions, whilst Overhead Expenses account for N35.55Bn representing 38.35% of the budget.

The governor gave the breakdown of the budget under its administration’s 5-cardinal program with Education retaining the lion share of N43.99bn or 20.93 percent, Agriculture will gulp N10.52bn or 5 percent. N26.74bn or 12.72% is allocated to Housing while Rural and Infrastructural development takes N34.66bn or 16.49 percent.

Senator Amosun also spoke of the plans of his administration to inject 100 new mini-buses as well as 250 new taxis into the transport sector of the state.

On rural & Infrastructural Development/Employment Generation, the governor noted that the total amount assigned to this sector in the 2014 Budget is N34.66 billion representing 16.49% of the total Budget.

He added that “In the area of roads, our focus will be on the completion of the 14 Ogun Standard roads projects that are currently ongoing state-wide. In addition we plan to commence a number of new road projects which include: Papalanto to Ilaro Road; Ijebu-Igbo Township Road; Adatan-Enugada Road; Cable Bridge at Lafenwa Ayetoro Road. We will also commence the construction of at least two roads in each of the 20 Local Governments which will be handled by the Ministry of Works engineers through direct labour.”

On security, the governor noted that “Our approach will be proactive and strategic. In this regard, we plan to purchase additional security equipment including 200 fully fitted Hilux Vehicles to support the police and other security agents.”

The governor listed the major initiatives of his administration in the health sector for 2014 as: Renovation and equipping the facilities of the 5 State hospitals as well as the General Hospitals across the State, Upgrade of equipment and facilities at Olabisi Onabanjo Teaching Hospital ( OOUTH) at Sagamu, Massive recruitment of Medical personnel – Doctors, Midwives, Nurses, Dentists, Pharmacists, Provision of drugs in the hospitals.

Others include the Construction of Model Primary Health Centres in each of the 9 Federal Constituencies of the State; Establishment of a state of the art Diagnostic Centre in Abeokuta; Commencement of the construction of 3 additional General Hospitals across the State; Establishment of a Cancer Centre at the Olabisi Onabanjo Teaching Hospital, Sagamu.

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