AFRICA

Governor Abiodun Presents N1.055trn 2025 Appropriation Bill to State House Assembly

Ogun State Governor, Prince Dapo Abiodun, on Wednesday, presented the state’s 2025 Appropriation Bill of N1.055 trillion to the State House Assembly.

The appropriation bill, christened “Budget of Hope and Prosperity” we made up of N600.98 billion for Capital Expenditure and Recurrent Expenditure of N453.56 billion.

Abiodun said the budget is expected to be funded through Internally Generated Revenue (IGR), allocation from the federal government and from internal and external loans.

Disclosing the expected revenue of the bill, Abiodun said N120.97 billion is expected from Ogun State Internal Revenue Services (OGIRS), N193.85 from Ministry, Department and Agencies (MDAs) and Capital Receipts of N472.66 billion comprising internal and external loans.

In the area of expenditure, the governor said infrastructure will gulp N284.456 billion, Education N177.8 and Health N134.5 billion.

He said the budget proposal, is expected to touch all the major areas of focus of the administration which include infrastructural development, social welfare and wellbeing, education, youth empowerment and agriculture.

He said: “This budget, aptly christened the ‘Budget of Hope and Prosperity,’ is more than a financial document – it is a visionary roadmap for our collective future, a blueprint for sustainable growth, and a bold declaration of our unwavering commitment to improving the lives of every citizen in our beloved state.

“The 2025 budget represents a carefully designed strategic roadmap aimed at accelerating our development agenda. 

“It is a manifestation of our shared vision for a prosperous Ogun State – a state where infrastructure, quality education, healthcare, security, and economic opportunities are accessible to all.

“Importantly, this budget underscores our commitment to addressing critical sectors with a strong emphasis on fiscal discipline and the sustainability of our economy.

“The expenditure policy for 2025 aligns with the Ogun State Economic Development Plan and Strategy (2021–2025), targeting fiscal sustainability, human development, food security, a favorable business environment, energy sufficiency, enhanced transport infrastructure, and industrialization with a focus on Small and Medium Enterprises (SMEs).”

Prior to the presentation of the appropriation bill, Abiodun inaugurated the State Assembly Complex, which was newly renovated.

Responding, Speaker of the State House of Assembly, Hon Oludaisi Elemide, appreciated the governor for his support for the assembly and called for more in the area of autonomy, increasing monthly cost and constituency allowance. 

He promised that the house will take a look at the appropriation bill and give it speedy passage in the interest of the state and the people.

James Sowole

Follow us on:

James Sowole

Recent Posts

Gbadebo Rhodes-Vivour: Commercialisation Of GMO Seeds Can Take Away Nigeria’s Food Sovereignty, Cause Health Issues

Gbadebo Rhodes-Vivour has condemned the commercialisation of GMO seeds, warning of threats to Nigeria’s food…

11 hours ago

Usyk Defeats Fury on Points in Riyadh to Retain Heavyweight Championship Title

Oleksandr Usyk has secured victory over Tyson Fury in Riyadh, successfully defending his heavyweight championship…

16 hours ago

Albania to Ban TikTok for a Year After Schoolboy’s Death Sparks Concerns

Albania plans a one-year TikTok ban from January after a schoolboy’s death sparks concerns over…

19 hours ago

Suspect Remanded in Custody Over Deadly Attack at German Christmas Market

A suspect accused of killing five people by driving into a crowded Christmas market in…

19 hours ago

US Fighter Jet ShotDown in Red Sea ‘Friendly Fire’ Incident Amid Heightened Tensions

A US Navy F/A-18 Hornet was mistakenly shot down over the Red Sea by the…

19 hours ago

NNPC, Dangote Refinery Slash Petrol Prices to N899 Per Litre Amid Rising Competition

NNPC has reduced petrol ex-depot price to N899 per litre, sparking competition with Dangote Refinery…

20 hours ago