Oyo State Governor Seyi Makinde yesterday presented the 2023 budget proposal of N310 billion to the Oyo State House of Assembly, declaring that his
administration remained determined to deliver good governance to the people of the state till the end of the tenure.
Makinde, who christened the 2023 budget as, ‘Budget of Sustainable Development’’, declared that the government’s aim was to prioritise capital projects it had already started, noting, however, that he hopes to continue engineering a modern Oyo State beyond 2023. According to him, the administration has succeeded in doubling the budget performance of the state since it took office in 2019.
The governor explained that N154,348,866,965.62 had been proposed as capital expenditure, representing 49.79 per cent of the total budget proposal, while the proposed recurrent expenditure which stands at 50,23 per cent amounts to N155,651,133,034.38. He added that the sum of N85,737,487,258.97 representing 27.65 per cent of the budget proposal had been allocated to infrastructure development, because the government recognises “infrastructure development as a sure path to accelerated development, and we are continuing in that stride for sustainable development.”The education sector, which got the second largest allocation, had a proposal of N58,213,981,267.
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