Aregbesola presents N216bn budget for 2014

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BY GBENGA OLARINOYE
OSOGBO — Governor Rauf Aregbesola of Osun State has presented the 2014 budget estimate totalling N216billion to the state House of Assembly for approval.
Represented by his Special Adviser on Budget, Mr. Bade Adesina, Aregbesola declared that the budget cuts across all the sectors of the state’s economy and was prepared in line with the six-point Integral Action Plan of his administration.

Also, he stated that his administration will continue to embark on projects that will make life more meaningful for the people of the state.
The budget, which was christened ‘Budget of Growth Enhancement and Development,’ totalling N216,745,213,260 was smaller than that of last year which was N234,269,308,820.

The Governor explained that the shortfall in the prices of crude oil and the oil theft in the country were responsible for the reduction in the budget compared with that of 2013.
According to the budget, the over-head cost was put at N17,969,297,750, the consolidated cost was N52,493,953,200, while the total recurrent expenditure was put at N97,608,280,660 and capital expenditure, N119,136,932,600.

The Governor appealed to the legislators to give accelerated hearing to the budget so as to be passed into law in no distant time.
He also urged the people of the state to give maximum support to his administration for the implementation of all his programmes for the state.

In his remarks, the Speaker of the House, Hon. Najeem Salaam assured that the House would ensure speedy hearing on the bill, even as he assured the Governor of the support of the legislators in the administration of the state.

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