The Hon Adebo Ogundoyin-led Oyo State House of Assembly has approved N352,282,500,00 as 2023 Supplementary Budget presented to it by Governor Seyi Makinde.
The budget was passed after the presentation of the House Committee report on Finance, Appropriation and Economy.
The committee had considered the inputs of the Ministry of Budget and Economic Planning and projections in the Oyo State Government Medium Term Expenditure Framework before the eventual passage of the 2023 Supplementary Budget.
The governor had sought upward review of the 2023 approved budget from N310,432,500.00 to N352,282,500.00.
This became imperative to cater for the twin policy measures of the removal of subsidy on Premium Motor Spirit and the floating of the exchange rates by the Federal Government on the state government spending.
In the supplementary budget, N169,477,038.38 was approved as recurrent expenditure, while N182,805,366,965.62 is for capital expenditure.
The supplementary budget featured realignment of some MDAs. They are, Office of the Governor, Oyo State House of Assembly, House of Assembly Service Commission, Ministry of Public Works & Transport, Ministry of Finance, Ministry of Energy and Mineral Resources, Oyo State Investment Promotion & Public Private Partnership Agency, Oyo State Primary Health Care Development Agency, Ministry of Health, Oyo State Agribusiness Development Agency, Ministry of Justice and Ministry of Special Duties.
Packaged by Adekunle Adegboyega
