Coronavirus: Oyo Assembly reduces 2020 budget appropriation from N213bn to N174bn
Oyo State House of Assembly, on Tuesday, reduced the 2020 budget appropriation in the state from N213 billion to N174 billion.
The state lawmakers also agreed that there is a substantial justification for the review request made by the executive arm of government led by Governor Seyi Makinde. Chairman House Committee on Public Accounts, Finance and Appropriation, Hon. Abdulakeem Mustapha, noted that the paucity of funds occasioned by COVID-19 pandemic that has been rampaging the global economy, by extension Nigeria and Oyo State, in particular, constitutes a threat to really financing the initially Approved 2020 Budget hundred percent.
“The budget performance assessment of some key Ministries, Agencies and Departments, MDAs, from January to June, 2020 revealed 20-30 recurrent expenditure implementation while few have impressive Capital Expenditure performance such as Ministry of Health, Oyo State Investment and Public Private Partnership Agency.
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