Following the effect of the Covid-19 on the nation’s socio-economic spheres, the Ogun State House of Assembly has acknowledged Governor Dapo Abiodun's correspondence, requesting downward review of the 2020 budget from over N449.9bn to N280.9bn.
The State lawmakers equally received additional two letters, one proposing a bill for a law to establish the Ogun State Safety Commission, as well as Ogun State Energy Board and another seeking extension of tenure for the Local Government Transition Committee Chairmen for additional three months.
The Speaker, Rt. Hon. Olakunle Oluomo, who read the letters before the lawmakers at the Plenary held at the Assembly Complex, Oke-Mosan, Abeokuta, stated that the revision of the State Budget from N449, 973, 690, 275.79 to N280, 907, 538, 376. 47 representing 38 percent reduction, was in alignment with fiscal realities occasioned by COVID-19 pandemic.
The letter partly reads, “I hereby present the 2020 revised appropriation law and summary of the estimates of the revenue and expenditure of Ogun State for the kind consideration and approval of the Honourable House of Assembly, as summarised below: Revenue now fixed at N280, 907, 538, 376. 47; Recurrent Expenditure comprising of Salaries & Allowances N 69, 087, 567, 259. 23, Overhead Cost put at N47, 826, 711, 355. 11, with Consolidated Revenue Fund Charges of N 15, 566, 772, 510.19 and Capital Expenses of N 148, 426, 487, 251. 94”.
Also, the correspondence proposing the two bills indicated that both were exhaustively considered and approved for onward transmission to the Assembly, at the 9th Executive Council meeting held on July 7, 2020.
On its part, the request for approval of the Assembly for the extension of tenure of the Transition Committee Chairmen for a period of three months, effective from July 19, 2020 was meant to avert the creation of a vacuum in Local Government Administration, following the expiration of their tenure on July 18, 2020.
Consequently, Speaker Oluomo directed all the Transition Chairmen to submit detailed reports of their various activities in the last three months to the Assembly on or before Thursday, July 23, 2020, for immediate consideration by the lawmakers.
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