2021: Ogun Assembly passes N338.6bn Appropriation bill

By Moshood Adebayo

Barely a month after the presentation of the 2021 Ogun State budget by Governor Dapo Abiodun for the consideration, the House of Assembly has passed the appropriation bill of N338,610,943,021.86.                          However this is with slight adjustments in the recurrent and capital expenditures estimates and revenue projection of about 74 agencies including the capital receipt.

The unanimous passage of the bill followed the presentation of the report of the house committee on finance and appropriation chaired by Hon. Olakunle Sobunkanla.                                             The lawmaker,  who later moved the motion for the bill’s adoption, was seconded by the minority leader, Ganiyu Oyedeji and supported by the whole House through a voice vote.                      Thereafter, the bill was read and adopted clause-by-clause before the members by the Speaker,  Olakunle Oluomo, during plenary.

The bill was passed with adjustments in the recurrent expenditures of 29 agencies, just as the capital expenditures of 27 other agencies were equally affected.                                          In a related developmet, the revenue targets of 18 ministries/agencies were modified; with internal loan reduced from N98.33bn to N95.7b resulting in N2.62b reduction.

The adjustment also affected the total recurrent estimate which moved from N141.7bn to N146.5b  giving over N4.779b difference, while capital expenditure was reduced from N176.677bn to N171.898b, giving a total reduction of over N4.779bn.

On revenue side, the new revenue projection now stands at N121.808b as against the initial N119.180b, making a difference of over N2.626b.                        The capital receipt was also slashed from the initial N142.154b to N139.527bn resulting in N2.626bn decrease.

Speaker Oluomo, directed that the clean copy of the bill be sent to Governor Abiodun for his assent, while using the opportunity to commend his colleague lawmakers, management and staff of the assembly for their unrelenting efforts towards promoting good governance through the passage of people-oriented legislations.