Osun Assembly approves downward review of 2020 budget

The Osun State House of Assembly on Friday approved the revised 2020 appropriation bill of N119.5billion to 82.2 billion.The Speaker, House...

The Osun State House of Assembly on Friday approved the revised 2020 appropriation bill of N119.5billion to 82.2 billion.

The letter which noted, the global COVID-19 pandemic has badly affected all sectors of the economy has paved the way for a review of the year 2020 budget. Speaker, RT. Hon. Timothy Owoeye at plenary recalled that the size of the year 2020 approved budget passed on the 24th of December, 2019 was #119, 550,401,040.

He stated that the house of Assembly after a thorough review and deliberation decided to reduce the budget to #82,229,070,760.In his words, “I wish to inform the people of Osun that the global lockdown has affected all the revenue variables including the IGR and proceed from the Federation account.

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