Amosun Budgets N210 Billion For 2014

Posted by African Examiner Ayo Balogun, Featured, Latest Headlines, News Wednesday, November 20th, 2013

Ayo Balogun, Lagos

Ogun State Governor, Ibikunle Amosun has presented a budget of N210.21 billion to the State House of Assembly for approval for the 2014 fiscal yeat.

Gov. Amosun of Ogun state, Nigeria

The budget is N1.57 billion less than that of the 2013 budget. The budget comprised N117.51 billion Capital Expenditure and N92.70 billion Recurrent expenditure.

The breakdown of the budget showed that Education has the largest share with N43.99 billion, Health, N21.11 billion; Agriculture, N10.52 billion; Rural and Infrastructural Development and Employment Generation, N34.6 billion, among others.

According to the governor, his administration planned to revamp the education sector next year, which informed the large allocation allocated to the sector

“Overhead cost is too high, but despite that, we are not going to sack our teachers. We have as at today, awarded 1,500 classrooms and we will continue to demolish the old structures and construct new ones. Some people will go and take picture of some dilapidated structures in our schools and post them on a social network, that, this school is in Ogun State, they should continue with that. What is on ground is not what we can correct in just 2 or 3 or 4 years, but we will get there one day,” he said.