Ogun Assembly passes N100bn supplementary budget, allocates additional N70.94bn for capital projects

By Kolawole Olayinka, Abeokuta

Ogun State House of Assembly has passed the year 2022 supplementary appropriation bill of N100.251billion into law.

The approval increased the state’s capital expenditure by N70.94billion. 

The passage of the supplementary bill which has now increased the initial N350.7billion 2022 appropriation law to N450.98billion, followed the presentation of the report of the House Committee on Finance and Appropriation by its Vice Chairman, Hon. Ganiyu Oyedeji.

After the presentation, Oyedeji also moved the motion for its adoption, which was seconded by Hon. Haruna Wahab and supported by the whole House through a unanimous voice vote.

Consequently, the Speaker, Rt. Hon. Olakunle Oluomo conducted the reading and clause-by-clause adoption of the sectorial allocations at a plenary held at the Assembly Complex, Oke-Mosan, Abeokuta.

The bill was unanimously approved by the lawmakers with slight adjustments in the recurrent expenditures of 47 agencies, just as the capital expenditures of 27 other agencies were equally reviewed. 

The process leading to the passage of the bill indicated that the recurrent expenditure was moved from N153.1billion to N182.48billionn, resulting in an increment of N29.3billion, just as capital expenditure was increased from N197.5billion to N268.49billion giving N70.943bn total difference.   

While expected internally generated revenue was increased from N153.17billion to N160.17billion creating a N7billion difference, opening balance was re-adjusted from the initial N10.31billion to N35.08billion, giving an increment of N24.77billion. N68.47billion was added to the earlier approved N114.24billion expected capital receipt, which resulted in N182.72billion passed.  

The motion for the third reading of the bill was later moved by the Majority Leader, Yusuf Sheriff, seconded by Hon. Oyedeji and supported by the Whole House, while the Clerk/Head of Legislative Service, Mr. Deji Adeyemo did the third reading of the bill before the members.

It would be recalled that the lawmakers in December 2021 passed the 2022 appropriation bill of N350,735,149,739.57 into law, consisting of N153.18billion recurrent expenditure, and N197.55billion for capital expenditure.

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