Breaking News
Translate

Alao-Akala presents N139bn budget

By Ola AJAYI,  Ibadan
GOVERNOR Adebayo Alao-Akala of Oyo State yesterday proposed a budget of N138. 85  billion to the State House of Assembly for the 2010 fiscal year.

He said the formulation of the budget which was tagged ‘budget of consolidation’ had been based on his administration’s strategic integrated development of the state.

When compared with the budget prepared last year, the newly-proposed budget was increased by over N10billion against last year’s which was N128.4b.

Before the formal presentation of the budget for next year, Governor Alao-Akala took a retrospective look at last year’s budget and highlighted the success recorded. According to him there was no local government or ward that did not feel the positive impact of his administration in this out-going year.

He explained and listed roads on which the sum of N4.67billion was expended promising more construction of roads to facilitate easy transportation of farm produce so as to boost food production in the state.

A quick look at 2010 budget showed that capital expenditure had the yawning share of N84.5 billion with health having N19.1b followed by transportation with N17.2b and education N8.2 billion.

While explaining why the health sector enjoyed that share of the budget, he said, his administration was consolidating “ on the progress made so far in the health subsector by partnering with the African Development Bank(ADB) in the health system development project through the provision of a counterpart funding of N50m to match the N50m to be provided by the donor agency”.

Akala said, “The year 2010 budget has been carefully prepared to ensure that the 13-point agenda of this administration, as contained in the Strategic Integrated Development of Oyo State document is fulfilled to the letter.”

He promised that the people of the state would have good governance; our environment sustained, poverty eradicated; unparalleled industrialization and many employment opportunities.

He also assured the residents in the state that infrastructure would be regenerated and international trade would receive necessary boost and that partnerships with the public and private sectors including international agencies would be built.

When the amount of N1.2b earmarked for the legislative arm was mentioned, it attracted a prolonged applause from members of the House of Assembly.

He advised public servants to shun all negative acts that are capable of retarding the pace of development in the state.


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.