Budget Defence: Osun Assembly Will Not Entertain Unnecessary Increament

The State of Osun House of Assembly would ensure thorough consideration of the 2018 budget estimates with a view to preventing unnecessary increase in its size.

The Speaker of the State Assembly, Dr. Najeem Salaam made the remarks in his opening remark on Monday at the commencement of budget defence by agencies and institutions of Government at the State Assembly Complex Osogbo.

He stressed the need for consolidation of the numerous gains of the present administration through effective collaboration by all and sundry as well as optimal implementation of the budget as approved.

According to him, “I wish to state that this Honourable House would be very thorough in the consideration of this year’s budget like before and efforts will be made to prevent unnecessary increase in the size of the budget.

“Any expenditure that is not in tandem with the economic realities on ground will not be entertained”, he added.

He advised Ministries, Departments and all Agencies of Government and tertiary institutions particularly to improve on their Internally Generated Revenue (IGR) drive.

Salaam also implored the MDAs to look inwards by blocking all revenue leakages within their jurisdictions to save the government from losing resources unnecessarily.

He said, “All tertiary institutions in the state are hereby enjoined to ensure full automation of their revenue collections before the end of the first quarter of this year”.

He urged all stakeholders in the revenue generation exercise to accord it the much needed attention so as to achieve the desired goals in the end.

The speaker noted that audit query had been issued on some agencies by the auditing office saying the House of Assembly would prepare a timetable for appearance of those concerned, so as to be able to defend themselves in line with the present nature of the House of Assembly.

He therefore, charged the Joint House Committee on Budget consideration to be critical of the estimate because the House needs to be sincere in their dealings throughout the Budget defence exercise.

Meanwhile, in his remarks, the chairman, House Committee on Finance and Appropriation, Hon. Kamil Oyedele charged all the Ministries, Agencies and Government parastatals to be committed to the exercise for the success of Budget implementation.

According to him, “Any ministries or agencies that fails to submit its work plan before coming for appearance in the House, its budget would not be approved”.

However, some of the agencies of government that have appeared before the house includes the State Universal Basic Education Boards (SUBEB), which defended the sum of N2,626,808,750 allotted to it; Osun State College of Education Ilesa N1,741,580,940 and Osun State College of Education Ila-Orangun N1,455,284,760, while the Osun State Polytechnic  Iree also defended its budget estimate of N2,468,237.275 before the parliament.


Breaking: Aregbesola Presents N173bn 2018 Budget To Osun Assembly

Governor of the State of Osun, Ogbeni Rauf Aregbesola on Thursday presented a total sum of N 173,980,083,007 billion budget of the state for the year 2018 fiscal year to the state House of Assembly for scrutiny and approval.

The Governor is presenting a budget that is N27,347,336,027 higher than that of 2017, the sum N146,632,746,980.00‎ was presented to the Assembly last year.

Aregbesola, presenting the draft Budget christened “Budget of Enduring Legacy” said it is anchored on the avowed commitment of his administration to provide a conducive living environment for the people of the State.

Summarising the draft 2018 revenue budget, the governor told the House of Assembly ‎the state will be expecting money to finance the budget from expected government share of Federation Account N27 billion forming 15.56%, Value Added Tax‎ N8.8 billion (5.10%). Others are‎ Excess crude account‎ N77.7 billion‎ (0.04%),other revenue from FAAC ‎N5,052.6billion (2.90%), personal and corporate taxes are put at ‎N25.1 billion (14.45%) and N9.7 billion (5.58%) respectively.

Expected form Licences ‎is N1.5 billion (0.92‎%), General fees N20.8 billion (11.99%)‎, General. Earnings N3.6 billion (2.55%), rent on government buildings and rent on lands and others at ‎N335.7 billion (0.19%) and N279 billion  (0.16%) respectively.

Other sources are. Repayment, investment income,‎ interest earned, reimbursement, domestic aids, foreign aids, domestic grant and foreign grants

‎The governor put the total year expected receipt at N151.9 billion ‎(87.34%), other sourced fund to finance specific projects are internal source and external are‎ N1.5 billion ‎(0.86%) and external source N20.5 billion (11.80%” respectively‎.

‎He said, “Our ultimate goal for the 2018 Budget is to ensure a continuous improvement in the welfare and standard of living of our people.

“This will be achieved by consolidating the previous achievements of this administration and do everything possible to recover the lost glory of the State.

“Thus, the 2018 budget has been carefully packaged to ensure the effective realization of our vision as encapsulated in our Six-Point Integral Action Plan.

“It is important to intimate this august Assembly that the preparation of 2018 Budget has been very participatory. Relevant inputs were sourced and received from various stakeholders across the State in order to enhance the quality of the Budget”.

‎Aregbesola from the budget presentation put the summary of total arrears transferred to the Draft 2018 Budget as budget surplus/deficit‎ N-28.6 billion, liabilities, N22 billion, salary arrears N-22.8 billion, Pension and gratuity, N-6.7 billion and capital arrears (dredging/flood control)‎ N-2.3 billion totalling N-38.5 billion.

‎He said, “Having presented the highlights of the summary of the revenue and expenditure components of the draft 2018 Budget as well as the sectoral and sub-sectoral classifications of the Capital Budget, let me now present the highlights of the proposals contained in the budget.

“I will start by highlighting the achievements recorded in each of the sectors/sub-sectors and thereafter speak on the programmes and projects admitted into the 2018 Budget.

‎”The State of Osun, being an agrarian economy with arable fertile soil, can only move forward positively by revolutionising agriculture. The present administration will continue to put agriculture in its pride of place of the state economy.

“Agriculture will not only provide employment for our teeming masses, it will also encourage rapid agro-allied industrialization of the state, generation of income and improved welfare of the citizenry.

“As spelt out in the Six-Point Integral Action Plan, our intention is to make agriculture profitable, attractive as a good venture as well as making food available in the State for the well being of our citizens.