Ogun Govt’ Presents N339b 2021 Appropriation Bill To Assembly
By Moshood Adebayo
Ogun State Governor, Dapo Abiodun has presented a total estimated budget of N339bn as the 2021 Appropriation Bill to the state House of Assembly.
These comprises N162bn for recurrent expenditure and N177bn for various capital projects for the next fiscal year.
The budget christened: ” Budget of Recovery and Sustainability”, is hinged on the ISEYA mantra of the present administration and other functional classifications.
It also allocated a sum of N119bn as Internally Generated Revenues with N59bn expected from the federation account.
The state capital receipt was fixed at N142bn comprising internal and external loans including grants and aid.
Abiodun said the total overhead costs of ministries, departments and agencies was projected at N50bn for the next fiscal year.
This represents an increase of N11bn from N39bn in 2020, as the governor added that his administration had made provision for the sum of N28.4bn for debt servicing in the new year.
According to him, this represents an increase of N13bn from N15.7bn in 2020; with more measures proposed for the sustainability of the existing enabling environment for investment and creation of employment to trigger redistribution of resources.
