Fayemi signs N91.1bn supplementary budget in response to COVID-19 pandemic
The Governor of Ekiti State, Dr. Kayode Fayemi, on Monday signed the N91.1 billion Supplementary Budget passed by the House of Assembly into law.
Speaking in Ado Ekiti after signing the revised appropriation bill, Fayemi said the 2020 ‘Budget of Deliverables’ was reviewed downward owing to the sudden outbreak of the novel Coronavirus, which had destabilised the economy making the implementation of the initial budget unrealistic.He said: “The 2020 Approved Budget size of N124,724,869,355.95 has been reviewed to N91,128,996,482.01 in the supplementary budget.
Fayemi added that to mitigate the effects of the pandemic on the economy, it became imperative to review the 2020 budget and prepare a Supplementary Budget which will be responsive to times and circumstances. Fayemi, who commended the efforts of the development partners in the transformational agenda of his government, promised that the present administration will continue to collaborate with private investors to make Ekiti great.
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