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Ogun State Assembly Passes N100.25Bn Supplementary Budget

Ogun State Assembly Passes N100.25Bn Supplementary Budget

Ogun State Assembly Passes N100.25Bn Supplementary Budget

Ogun State Assembly Passes N100.25Bn Supplementary Budget

The Ogun State House of Assembly has signed into law the N100, 251,416,938.4 additional appropriation bill for the year 2022.

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The state’s capital expenditures had gone elevated by N70.94 billion as a result of the supplementary appropriation bill.

It also has N182.48 billion in recurring expenses and N100.25 billion in new revenue.

The initial N350.7 billion 2022 appropriation law has now been enhanced to a new N450.98 billion as a result of the supplementary bill’s adoption.

Ogun State Assembly Passes N100.25Bn Supplementary Budget

The passing came after the report of the House Committee on Finance and Appropriations was presented by its vice chairman, Ganiyu Oyedeji, who then proposed the resolution for its acceptance. Haruna Wahab seconded the motion, which was then unanimously backed by the entire House in a voice vote.

The Speaker, Olakunle Oluomo, conducted the reading and clause-by-clause adoption of the sectorial allocations at a plenary held at the Assembly Complex, Oke-Mosan, Abeokuta.

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The bill was unanimously approved by the lawmakers with slight adjustments in the recurrent expenditures of 47 agencies, just as the capital expenditures of 27 other agencies were equally reviewed.

The process leading to the passage of the bill indicated that the recurrent expenditure was moved from N153.1bn to N182.48bn, resulting in an increment of N29.3bn, just as capital expenditure was increased from N197.5bn to N268.49bn giving N70.943bn total difference.

Ogun State Assembly Passes N100.25Bn Supplementary Budget

While expected internally generated revenue was increased from N153.17bn to N160.17bn creating an N7bn difference, the opening balance was re-adjusted from the initial N10.31bn to N35.08bn, giving an increment of N24.77bn, just as a total of N68.47bn was added to the earlier approved N114.24bn expected capital receipt, which resulted in N182.72bn passed.

The motion for the third reading of the bill was later moved by the Majority Leader, Yusuf Sheriff, seconded by Hon. Oyedeji and supported by the whole House, while the Clerk/Head of Legislative Service, Mr. Deji Adeyemo, did the third reading of the bill before the members.

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The title of the bill read: ‘H.B. NO. 079/OG/2022-Year 2022 supplementary appropriation law – a bill for a law for the appropriation of the sum of N28,791,952,069.80k only for recurrent expenditure’.

The Speaker directed that the clean copy of the bill be transmitted to Governor Dapo Abiodun for his assent.

The lawmakers in December 2021 passed the 2022 appropriation bill of N350,735,149,739.57 into law, consisting of N153.18bn recurrent expenditure, and N197.55bn for capital expenditure.


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