Fayemi presents N93.6bn 2013 budget
BY GBENGA ARIYIBI
ADO EKITI —The Ekiti State Governor , Dr. Kayode Fayemi yesterday presented a sum of N93.6 billion as budget estimate for 2013 fiscal year, with a vow to sustain the social security scheme.
The governor equally promised to create a new Ministry that would coordinate programmes targeted at eradicating poverty in the state.
In the budget christened ‘Budget of Empowerment and Consolidation’,the sum of N47.1 billion was earmarked for capital project, constituting about 50.4 per cent, while 46. 4 billion was set aside for recurrent expenditure, which represents about 49.6 per cent of the budget.
To finance the projects, Fayemi said the sum of N31. 4 billion is expected from the Federation Account, while N7.3 billion will be sourced from the Value Added Tax (VAT)
He further revealed that a sum of N4.6 billion is expected as external grant from international agency, while N14.3 billion is expected to be accessed from the Internally Generated Revenue.
In financing the budget, a sum of N8.5 billion is expected from the Excess Crude Oil, while a sum of N7.1 billion is to be sourced from the capital market.
Fayemi further disclosed that his administration would place priority on good health care delivery in 2013, saying, this would commence through a well packaged free health care mission and renovation of General Hospitals and Primary Health Centres across the State.
Fayemi said that his government would focus on the renovation and construction of township roads in three urban towns of Ijero, Ikere and Ikole Ekiti in2013, while some rural-urban roads in some selected towns would be given adequate attention.
Fayemi pledged to make the empowerment of rural women a priority.
He, further, disclosed that over 20 new roads initiated upon assumption of office and 25 others inherited from the immediate past administration would be completed next year.