Oyo House passes N143bn 2015 Appropriation Bill

The Oyo State House of Assembly Tuesday passed into law N143,108,660,700 Appropriation Bill for the year 2015.
While the recurrent expenditure got N88,054,250,700, capital expenditure gulped N55,054,410,000. The approved budget has a difference of over N2 billion as against the N141,777,770.000 that
was presented to the House by Governor Abiola Ajimobi.
The House, presided over by the Speaker, Hon Monsurat Sunmonu (now
Senator), passed the budget into law after the Hon. Olusegun Olaleye-led Committee on Public Account, Finance and Appropriation submitted its report on the bill.
In his remarks, Hon Olaleye said: “The budget has an estimate of N143,108bn as the approved estimate budget, but when you look at the budget very well you will see that N88bn has to do with the recurrent expenditure and N55 million for capital
expenditure”.
Explaining the reason for the increment in the budget, Olaleye said the House considered the need to adequately finance the administration’s people-oriented and welfare programmes, promising that “We will surely monitor the budget utilisation and we hope for more infrastructural development for the
state”.