The Ogun Assembly has approved the 2022-2024 State Medium Term Expenditure Framework (2022-2024 MTEF) presented to it for consideration by Gov. Dapo Abiodun in August.
The Assembly approved the financial framework on Friday at the plenary session following the presentation of the report of the House Committee on Finance and Appropriation by its Chairman, Mr Olakunle Sobunkanla.
Sobunkanla moved the motion for the adoption of the report, seconded by Mr Solomon Osho and supported by the whole House.
The MTEF report was later read and adopted sector by sector by the Assembly.
Mr. Yusuf Sherif, the Majority Leader, moved the motion for the passage of the House resolution titled, “The Year 2022- 2024 Medium Term Expenditure Framework (MTEF)’, seconded by Mr. Olakunle Sobukanla and supported by the whole House.
Mr. Olakunle Oluomo, the Speaker, directed the Clerk of the House, Mr. Deji Adeyemo, to convey the assembly’s resolution to the Commissioner for Budget and Planning, Olaolu Olabimtan, for the preparation of the state 2022 appropriation.
The lawmakers had on Aug. 31 engaged the budget commissioner on the modalities for the 2022-2024 MTEF, with a call for improved budgetary allocations for the legislature and the judiciary.
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They harped on the need to ensure strict adherence to fiscal responsibility frameworks in planning for the “rainy day.”
The Assembly also called for the governor’s assent to the State Audit Law, 2019 to boost revenue generation from audit, and ensure accountability and transparency.
The lawmakers later observed a minute silence in honor of a former member of Assembly, Tunde Elemide, who died last in August.
Elemide was the Majority Leader from 1979 to 1983.
