Gov Abiodun Proposes Over N1Trillion 2025 Budget to Ogun Assembly, Commissions Redesigned Assembly Complex

Dec 5, 2024 - 23:00
 0
Gov Abiodun Proposes Over N1Trillion 2025 Budget to Ogun Assembly, Commissions Redesigned Assembly Complex

Israel Adeleke

OPEN TELEVISION NAIJA (OTN) News reports as gathered that, for the progress and continuation of the state constituency's works, the Ogun State Governor, Prince Dapo Abiodun, has presented the 2025 Appropriation Bill of ₦1,054,542,020,147.47 which comprises of ₦453.56 billion for recurrent expenditure and ₦600.98 billion for capital expenditure to the State House of Assembly.

OTN News further reports that before the presentation, the governor inaugurated the newly redesigned Ogun State House of Assembly Complex, constructed over 45 years ago, expressing pride in its transformation.

The 2025 budget, titled "Budget of Hope and Prosperity," was presented during a plenary session presided over by the Speaker, Rt. Hon. Oludaisi Elemide. 

The budget allocates ₦120.14 billion to personnel costs, ₦37.49 billion to consolidated revenue, ₦76.07 billion to public debt servicing, and ₦219.86 billion to overhead costs.

Abiodun highlighted the sectoral allocations, noting that the education sector will receive ₦177.835 billion, representing 17% of the budget, while the health sector is allocated ₦134.538 billion, amounting to 13%. Housing and community development will receive ₦66.382 billion, representing 6%, while agriculture and industry are allocated ₦65.38 billion, also at 6%. Infrastructure takes the largest share with ₦284.4 billion, representing 27%, while ₦25.27 billion, accounting for 2%, is set aside for recreation, culture, and religion.

Furthermore, other allocations include: ₦39.83 billion for social protection, amounting to 4%, while general public service for the executive organ is allocated ₦46.86 billion, representing 4%. General public service for financial and fiscal affairs is allocated ₦42.28 billion, also representing 4%, while general public service for general personnel service is set at ₦2.91 billion, accounting for 0.3%. Public order and safety are allocated ₦26.44 billion, representing 3%, while economic affairs are allocated ₦5.97 billion, or 0.6%. 

The judiciary is allocated ₦10.54 billion, representing 1%, while the legislature will receive ₦21.18 billion, representing 2%. The remaining ₦104.6 billion, accounting for 10%, is allocated to state-wide services.

Giving details of the proposals, Governor Abiodun said, “As the sixth budget of this administration, the 'Budget of Hope and Prosperity' addresses current challenges, essential reforms, and our vision for inclusive, diversified, and sustainable growth. It prioritizes infrastructure, healthcare, education, and youth empowerment, aiming to reduce inequality and improve citizens' well-being.”

Reviewing the 2024 fiscal year, the Governor noted that the state achieved 79% of its pro-rated revenue target and 56% of its pro-rated expenditure. He described these figures as a testament to Ogun’s fiscal reliability.

The event was graced by Deputy Governor Engr. Noimot Salako-Oyedele, Secretary to the State Government Mr. Tokunbo Talabi, former Deputy Governors Senator Shefiu Kaka and Yetunde Onanuga, State Head of Service Kehinde Onasanya, and notable traditional rulers, among others.

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