Ajimobi Proposes N152bn Budget for 2013

Ajimobi Proposes N152bn Budget for 2013

Ajimobi Proposes N152bn Budget for 2013
Governor Abiola Ajimobi of Oyo State has presented a budget proposal of N152billion for the 2013 fiscal year before the state House of Assembly. The budget christened ‘Budget of Transformation’ shows that N82.97billion represents 54.55 percent of the total sum for the recurrent expenditure while N69.15billion representing 45.1 percent was earmarked for capital expenditure.

The highest sectoral allocation of 36.26 percent went to the economic sector, which includes infrastructural development, general administration, 25.46 percent, while social services has 24.13 percent and regional development with 14.15 percent.

“We consider this strategy as the best antidote to the problem of poverty among our people,’’ the governor said. Governor Ajimobi also said the 2013 budgetary proposals had been anchored on some policy thrust and philosophy, including realism of budgetary proposal, prioritisation and calendarisation of capital budget implementation and entrenching value-chain approach to sectoral development, especially in areas such as agriculture and investment promotion.He also said the public-private-partnership framework would be intensified towards the provision of adequate semi-public goods and services. The governor explained that 2013 budget had been carefully structured to consolidate on the gains of the previous year’s and were guided by the desire to restore, transform and reposition the state in the medium term.

He said emphasis would be given to environmentally sustainable public processes and economic governance while resources would be mobilised towards development inducing investment flows.On how the financial resource would be realized, governor Ajimobi said: “Our strategy for achieving this would depend greatly on aggressive internal revenue generation (IGR), through more effective and efficient tax administration, as well as extending our tax net to those that are hitherto outside the net.”

Some of the legislators, who spoke at the budget presentation appealed to the governor to take steps that would remove the administrative bottle necks that could hinder the smooth passage of the budget proposal.

Mrs Monsurat Sunmonu, the speaker of the state House of Assembly, while also speaking commended the governor for his visionary leadership and for the various development he had so far executed since he came on board. She promised that her members would continue to support and cooperate with the executive arm of government to fast-track the repositioning of the state for maximum positive impact on the people.

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