Osun State Governor, Ademola Adeleke on Thursday presented a budget of N273, 908, 997, 410:00 to the State House of Assembly.
While presenting the budget tagged “Budget of Reconstruction and Recovery”, the Governor noted that the budget is made of N165,654,976,700:00 for recurrent expenditure and N108,254,020,710:00 for capital expenditure.
He stated that the budget reflects the administration’s current focus of rebuilding the battered state inherited.
Adeleke said “In conformity with the existing laws which stipulate that the draft Budget of the State should be presented to the House for approval before the end of the year, I am pleased to present to the honourable members of Osun State House of Assembly through the Honourable Speaker, the Draft 2024 Budget of Osun State.
“I sincerely thank the Hon. Speaker and all the Honourable members of the Assembly for your mutual understanding, cooperation in our collective effort and desire to take our dear State to greater heights. Without iota of doubt, whatever achievement we have recorded so far could not have been possible, but for your support.
“I therefore, on behalf of the Executive Arm express our gratitude to the entire House and hoping to receive more of such support in the coming years.
“Hon. Speaker, I am highly delighted to present to you and honourable members of the Assembly, the 2024 draft Budget tagged “BUDGET OF RECONSTRUCTION AND RECOVERY” in the sum of Two Hundred and Seventy- Three Billion, Nine Hundred and Eight Million, Nine Hundred and Ninety -Seven Thousand, Four Hundred and Ten Naira (N273,908,997,410.00).
“This figure is made up of recurrent expenditure of One Hundred and Sixty – Five Billion, Six Hundred and Fifty – Four Million, Nine Hundred and Seventy – Six Thousand, Seven Hundred Naira (N165,654,976,700.00) and capital expenditure of One Hundred and Eight Billion, Two Hundred and Fifty – Four Million, Twenty Thousand, Seven Hundred and Ten Naira (N108,254,020,710.00).
“The tag for this budget reflects our current focus of rebuilding the battered state we inherited. It is a sign we are targetting recovery after successful revamping of all sectors of Osun society. I assure honourable members that the executive arm has the will and the determination to ensure achievements of budgetary goals once this proposal is passed into Appropriation Act.
“Today, I am reassured of our collective partnership for a new Osun of our dream. You have in me a Governor with firm belief in executive-legislative collaboration for development.”