Ogun Assembly passes N338.6b Appropriation Bill

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Ogun State Home of Meeting yesterday handed the  2021 Appropriation bill of N338,610,943,021.86, with slight changes within the recurrent and capital expenditure estimates, in addition to income projection.

The changes have been unfolded throughout seventy-four companies, together with the capital receipt.

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The bill was introduced to the lawmakers by Governor Dapo Abiodun for his or her consideration a couple of month in the past.

The passage of the bill adopted the presentation of the report of the Home Committee on Finance and Appropriation chaired by Olakunle Sobunkanla, who additionally moved the movement for its adoption, seconded by the Minority Chief, Ganiyu Oyedeji and supported by the Home via a voice vote.

The bill was thereafter learned and adopted clause-by-clause earlier than the members by Speaker Kunle Oluomo, throughout plenary.

It was handed with changes within the recurrent expenditures of 29 companies, simply because the capital expenditures of 27 different companies have been equally affected.

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The income targets of 18 Ministries/Businesses have been modified; with inner mortgage decreased from N98.33billion to N95.7billion, leading to N2.62billion discount.

The adjustment equally affected the whole recurrent estimate, which moved from N141.7billion to N146.5billion, giving rise to N4.779billion distinction, whereas the capital expenditure was diminished from N176.677billion to N171.898billion, leading to a complete discount of over N4.779billion.

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On income facet, the brand new income projection now places at N121.808billion as in opposition to the preliminary N119.180billion, giving a distinction of over N2.626billion, simply as capital receipt was additionally slashed from the preliminary N142.154billion to N139.527billion, leading to N2.626billion lower.

Consequently, the brand new determine contained within the Appropriation bill earmarked N146.529billion for recurrent, N20.182billion for Consolidated Income Fund Expenses (CRFC), whereas N171.898biliom was allotted for capital expenditure within the subsequent monetary 12 months.

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The movement for the third studying of the bill was later moved by Majority Chief Yusuf Sheriff, seconded by Hon. Oyedeji and supported by the entire Home, whereas the Clerk/ Head of Legislative Providers, Mr. Deji Adeyemo, did the third studying of the bill earlier than the members.

Speaker Oluomo directed that a clear copy of the bill be despatched to Governor Abiodun for his assent.

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