The Governor of Ekiti State, Dr. Kayode Fayemi, has approved a downward review of the 2020 budget from the initial N124. 5 billion to N91.128 billion, in tandem with the current economic reality caused by the fall in crude oil prices at the international market. The state government said the decline in the global oil
The Governor of Ekiti State, Dr. Kayode Fayemi, has approved a downward review of the 2020 budget from the initial N124. 5 billion to N91.128 billion, in tandem with the current economic reality caused by the fall in crude oil prices at the international market.
In the draft supplementary budget, according to the statement, the personnel cost was to remain at 100 percent while the council approved reduction in overheads by 50 and grants to parastatals by 20 percents. The government approved the sum of N281, 928,000.00 for the procurement of laboratory equipment for the Ekiti State College of Agriculture and Technology, Isan-Ekiti, Ekiti State.
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