The Osun State House of Assembly on Friday passed the 2021 N109.8bn budget.
NAIJASET recalls that Governor Gboyega Oyetola, on November 10, presented the budget before the state legislative house.
During the presentation, Oyetola had tagged the budget: “Budget of Providence”, which was dedicated to post-COVID-19 pandemic recovery.
The budget focused strongly on post-COVID-19 recovery with huge investments within the economy and a whopping sum of N1.4bn budgeted for Youth Development to deal with the difficulty of youth restiveness within the state.
The passed budget features a total of N109,855,051,640 with the recurrent expenditure of N50,620,283,140,00 and cost , which stands at N59,234,768,500,00.
The budget is N9,69bn above the 82.2 billion nairas 2020 budget signed by the governor in July.
While passing the bill, the Speaker, Hon. Timothy Owoeye charged the implementing Ministries and agencies to not dampen the morale of the Assembly by continually working hard to deliver on all the components of the budget.