• About
  • Advertise
  • Contact
Friday, May 9, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

Ogun Assembly Passes 2024 Budget Of N703.02bln

....reviews estimates of 18 MDAs, others

Vital News by Vital News
December 28, 2023
in Economy
0
As Ogun Moves To Preserve Abeokuta-Sagamu Road  by Funmi Branco
Share on FacebookShare on Twitter

Ogun State House of Assembly has passed the 2024 Appropriation Bill of N703,028,013,431.64 earlier presented to it for consideration by Governor Dapo Abiodun.

The Appropriation Bill was presented about four weeks ago, with a review in the capital and recurrent expenditures as well as projected revenue of 18 Ministries, Departments and Agencies (MDAs).

The Bill was titled : “A Bill for a Law to authorise the issue and Appropriation of the sum of Seven Hundred and Three Billion, Twenty-Eight Million, Thirteen Thousand, Four Hundred and Thirty-One Naira, Sixty-Four Kobo Only from the Consolidated Revenue Fund for the Services of Ogun State Government of Nigeria for the Financial Year Ending Thirty-First
day of December Two Thousand and Twenty-Four.”

The passage of the bill followed the presentation of the report of the House Committee on Finance and Appropriation by its Chairman, Hon. Musefiu Lamidi.

Lamidi subsequently moved the motion for its adoption, seconded by Hon. Damilola Soneye and supported by the Whole House through a voice vote.

RelatedStories

Your 3% Economic Growth Forecast Falls Short Of Nigeria’s Potential, IMPI Tells IMF

Inner Galaxy Group To Establish $400mln Steel Factory In Ogun

You Goofed On Nigeria’s GDP At Independence, IMPI Tells AfDB President, Adesina

President Tinubu To Perform Groundbreaking Of World’s Biggest Cotton Factory In Ogun – Abiodun

Consequently, the bill was later read and adopted clause-by-clause by the Committee of Supply, led by the Speaker, Rt. Hon. Olakunle Oluomo during Thursday’s plenary held at the Assembly Complex, Oke-Mosan, Abeokuta.

According to the report, the first schedule saw the upward review of the recurrent expenditure in the budget proposals of the Ministries of Industry, Trade and Investments; Agriculture, Forestry, Transportation, Community Development and Cooperatives, Rural Development, Culture and Tourism, Education, Science and Technology, as well as TRACE and State Waste Management Authority.

Others that had their recurrent expenditures jacked up are the Bureau of Lands and Survey, State Planning and Development Permit Authority, amongst others.

Therefore, the change led to a reduction in total revenue target of government leading to a downward review from N210.248bn to N198.748bn , giving a reduction of N11.5bn, while revenue from the excess crude was jacked up from N3.845bn to N13.845bn, resulting in an increment of N10billion, just as capital receipt was moved from N128.372billion to N136.872billion giving an upward review of N8.5billion.

The report also indicated an increment in the proposed expenditures under the second schedule for the Office of Auditors General (State and Local) and Sustainable Development Goals.

The Majority Leader, Yusuf Sheriff moved the motion for the third reading of the bill, seconded by the Minority Leader, Lukman Adeleye and supported by the Whole House through a voice vote, after which the Clerk/Head of Legislative Service, Mr. Deji Adeyemo took the third reading of the bill before the lawmakers.

Responding, the Speaker, Rt. Hon. Oluomo directed that the clean copy of the Appropriation Bill be transmitted to Governor Abiodun for his assent so that the people of the state would begin to enjoy more democratic dividends from the first day of the next fiscal year.

It would be recalled that Governor Abiodun presented a total of N703,028,013,431.64 as the Year 2024 Appropriation Bill to the state legislature, consisting N415.656billion for capital expenditure, while N287.37 billion was to cater for recurrent expenditure.    (vitalnewsngr.com)

Tags: budgetHouseOgunpass
Previous Post

Makinde Declares 3-day Mourning Period In Honour Of Akeredolu

Next Post

Gov. Lucky Aiyedatiwa Pays Condolence Visit To Akeredolu’s Family In Ibadan

Vital News

Vital News

RelatedStories

Your 3% Economic Growth Forecast Falls Short Of Nigeria’s Potential, IMPI Tells IMF
Economy

Your 3% Economic Growth Forecast Falls Short Of Nigeria’s Potential, IMPI Tells IMF

May 7, 2025
Inner Galaxy Group To Establish $400mln Steel Factory In Ogun
Economy

Inner Galaxy Group To Establish $400mln Steel Factory In Ogun

May 6, 2025
You Goofed On Nigeria’s GDP At Independence, IMPI Tells AfDB President, Adesina
Economy

You Goofed On Nigeria’s GDP At Independence, IMPI Tells AfDB President, Adesina

May 6, 2025
President Tinubu To Perform Groundbreaking Of World’s Biggest Cotton Factory In Ogun – Abiodun
Economy

President Tinubu To Perform Groundbreaking Of World’s Biggest Cotton Factory In Ogun – Abiodun

May 1, 2025
Tinubu, Dangote Refinery And Mele Kyari’s Sack
Economy

Nigeria’s $15.2bln Net Forex Inflow For Q1 2025, Yet Another Success Story Of Tinubu Reforms – TSF

April 30, 2025
Next Post
Gov. Lucky Aiyedatiwa Pays Condolence Visit To Akeredolu’s Family In Ibadan

Gov. Lucky Aiyedatiwa Pays Condolence Visit To Akeredolu's Family In Ibadan

Akeredolu Lived A Profoundly Impactful Life,  Bello Says During Visit To Family In Ibadan

Akeredolu Lived A Profoundly Impactful Life,  Bello Says During Visit To Family In Ibadan

Bandits Shot Dead 3 Policemen At Zamfara Checkpoint

Police Bust Syndicate Kidnapping, Selling Children , Rescue 7 Children From Lagos, Enugu

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Nigerian Red Cross Plans To Mainstream Community Engagement, Accountability Into Activities

Nigerian Red Cross Plans To Mainstream Community Engagement, Accountability Into Activities

1 year ago

Expert Seeks Harmonisation Of Renewable Energy Policies

3 years ago
Ododo Visits Lokoja Burnt GSM Village, Assures Traders Of Support

Ododo Visits Lokoja Burnt GSM Village, Assures Traders Of Support

8 months ago

Atiku formally joins 2023 presidential race , to focus on 5 key areas

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG Fraud gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power rescue road Security Senate students Tinubu US
No Result
View All Result

Highlights

New Pope Is Chosen As White Smoke Popped Up From Sistine Chapel

2027 : APGA Adopts President Bola Tinubu As Presidential Candidate

Gov. Radda, APC Chairman Present As Three PDP House Of Reps Members Defect To APC

Police Arrest Ekiti Female University Student For Faking Kidnap To Spend Night With Boyfriend

Gov. Mutfwang Flags Off Distribution Of Dangote Food Palliative In Plateau

Labour Party Suspends Abia Governor, Otti, Nwokocha, Ireti Kingibe For Anti – party

Trending

NASCON Records100% Growth In Dividend Payout, Attributes Higher Profitability To Massive Expansion Drive
Business

NASCON Records100% Growth In Dividend Payout, Attributes Higher Profitability To Massive Expansion Drive

by Vital News
May 8, 2025
0

The Management of NASCON Allied Industries Plc, has attributed significant growth in the dividend payout by 100...

President Tinubu In Anambra, Promises To Tackle Erosion, Reactivate Gas Plan, Integrate State Into National Rail Systems

President Tinubu In Anambra, Promises To Tackle Erosion, Reactivate Gas Plan, Integrate State Into National Rail Systems

May 8, 2025
Robert Prevost Is The New Pope

Robert Prevost Is The New Pope

May 8, 2025

New Pope Is Chosen As White Smoke Popped Up From Sistine Chapel

May 8, 2025
Tinubu, Dangote Refinery And Mele Kyari’s Sack

2027 : APGA Adopts President Bola Tinubu As Presidential Candidate

May 8, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • NASCON Records100% Growth In Dividend Payout, Attributes Higher Profitability To Massive Expansion Drive May 8, 2025
  • President Tinubu In Anambra, Promises To Tackle Erosion, Reactivate Gas Plan, Integrate State Into National Rail Systems May 8, 2025
  • Robert Prevost Is The New Pope May 8, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In