The Ogun State House of Assembly has passed the 2024 Appropriation Bill of N703bn.
The Bill was titled: ‘No. 011/OG/2023- “A Bill for a Law to authorise the issue and Appropriation of the sum of N703bn from the Consolidated Revenue Fund for the Services of Ogun State Government of Nigeria for the Financial Year Ending Thirty-First day of December Two Thousand and Twenty-Four’.
The passage of the ppropriation bill followed the presentation of the report of the House Committee on Finance and Appropriation by its Chairman, Musefiu Lamidi, who subsequently moved the motion for its adoption, seconded by Damilola Soneye and supported by the whole house through a voice vote.
Consequently, the bill was later read and adopted clause-by-clause by the Committee of Supply led by the Speaker, Olakunle Oluomo, during a plenary held at the Assembly Complex, Oke-Mosan, Abeokuta.According to the report, the first schedule saw the upward review of the recurrent expenditure in the budget proposals of the state Ministries of Industry, Trade and Investments; Agriculture, Forestry, Transportation, Community Development and Cooperatives, Rural Development, Culture and Tourism, Education, Science and Technology, likewise TRACE and State Waste Management Authority.
Therefore, the change led to a reduction in total revenue target of government leading to a downward review from N210.248bn to N198.748bn giving a reduction of N11.5bn, while revenue from the excess crude was jacked up from N3.845bn to N13.845bn resulting in an increment of N10bn, just as capital receipt was moved from N128.372bn to N136.872bn giving an upward review of N8.5bn,” a release from the assembly read.
The report of the committee also indicated an increment in the proposed expenditures under the second schedule for the Office of Auditors General (State and Local) and Sustainable Development Goals.
The Majority Leader, Yusuf Sheriff, had moved the motion for the third reading of the bill, seconded by the Minority Leader, Lukman Adeleye, and supported by the whole house through a voice vote.
Thereafter, the Clerk and Head of Legislative Service, Mr. Deji Adeyemo, took the third reading of the bill before the lawmakers.
The Speaker directed that the clean copy of the bill be transmitted to the state governor for his assent, “so that the people of the state would begin to enjoy more democratic dividends from the first day of the next fiscal year.”