Osun Budgets N88bn For 2009

Osun State Governor, Olagunsoye Oyinlola, has presented year 2009 draft budget to the people of thestate through the State House of Assembly, last Monday, for approval in line with the nation’s constitution. According to the governor, the budget tagged “A Budget of sustainable Transformational Development,” would consume a sum of N88,203,885,780, for the fiscal year….”
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November 12, 2008 3:30 am
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Osun State Governor, Olagunsoye Oyinlola, has presented year 2009 draft budget to the people of thestate through the State House of Assembly, last Monday, for approval in line with the nation’s constitution.

According to the governor, the budget tagged “A Budget of sustainable Transformational Development,” would consume a sum of N88,203,885,780, for the fiscal year.

Presenting the budget to the House, Oyinlola, asserted that it was the first time his administration would have such a large-sized annual budget, stressing that the state’s previous annual budgets have been substantially revenue-driven.

“For the 2009 fiscal year, we have adopted an expenditure driven budget in order not to hinder us from executing our priority projects.

“It also behoves on all of us to be very aggressive in revenue generation in order that the execution of the budget can be easy and achievable,” the governor added.

The breakdown of the total budget revealed that the sum of N34,219,128,830 was earmarked for economic sector, which involves Agriculture and Rural Development, Live Stock Forestry Fisheries, Rural/Urban Electrification among others.

It was gathered that the sum of N14,474,971,900 was budgeted for expenditure on social services sector, like Education, Health, Information and Culture, Social Development, Youths and Sports.

For Regional Planning and Environmental Development Sector, the total sum of N3,85,447,830, was budgeted for expenditure, while General Administration sector would gulp the sum of N5,461,507,170, as stated in the budget.

The 2009 fiscal year budget is quite extremely large when compared to that of 2008 budget, the size of which was the sum of N38,009,639,690.

It would be revealed that the House of Assembly recently approved over N14 billion supplementary budget for the rest of this year, aside the initial balance.

Speaking on education sector, Oyinlola promised that his government would ensure the provision of conducive environment for learning and teaching in both primary and secondary schools.

He also maintained his stand in ensuring adequate funding for all the state-owned tertiary institutions, saying that his government would give necessary support to the institutions to enable them discharge their functions creditably.

But this promise is contrary to the recent increament in fess paid by students in the state-owned institutions, where no student pays nothing less than N25,000.

On Health Services, the governor said “The provision of qualitative free health care for our people remains a top priority of our Government.

“The health service programme has been well-funded by the Government during the out-going year”, promising that a sum of N200,000,000.00, has been proposed for the purchase of drugs in 2009.

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