Ekiti Governor, Dr. Kayode Fayemi (Kfayemi), has approved a draft supplementary for downward review of the 2020 budget from the initial N124.5 billion to N91.128 billion...
Ekiti Governor, Dr. Kayode Fayemi, has approved a draft supplementary for downward review of the 2020 budget from the initial N124. 5 billion to N91.128 billion, which is made up of N56, 557,958,763.00 for recurrent expenditure and a capital expenditure of N34, 571,037,719.01.
According to the statement, the Personnel costs remain at 100 percent, overheads cost would be cut by 50 and grants to parastatals would drop by 20 percents. The State also approved memorandum on the N 2.5 billion credit support facility for the medical Sector in Ekiti State to be accessed via the Central Bank of Nigeria’s Credit Support Intervention for Health Care sector.
It also approved the sum of N28, 928,000 for the procurement of laboratory equipment for the Ekiti State College of Agriculture and Technology, Isan-Ekiti, Ekiti State.
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