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Oredo LG budgets N3.4bn

By Gabriel Enogholase
BENIN—OREDO Local government council of Edo State has budgeted the sum of N3.378 billion for the 2009 fiscal year.

Vanguard would recall that owing to the crisis in the council between the suspended chairman of the council, Deacon Mike Ehima, and the councillors over financial mismanagement, the chairman was unable to present the 2009 Appropriation early in the year and had been running the affairs of the local government without a budget.

Presenting the budget to the legislative arm of the council Tuesday, the Acting Chairman, Mr.Ogieva Gbajumo, said N807,021,000 million is earmarked for recurrent expenditure, while N2,571,135,26o was proposed for capital expenditure.

A break down of the recurrent expenditure indicated that internally generated revenue (IGR) will account  for N339,400,000.00, statutory allocation (state), NI00,000,000.00, statutory allocation from the federal government N1,000,000.000.00 , VAT  N208,000,000.00, special grant N200,000,000.00 and excess crude disbursement N900,000,000.00,

On capital receipt, the acting chairman said the opening balance (b/f) stood at N3, 756,260.00, grant form international bodies (conditioned grant scheme N627, 000, 000,00.

He appealed to the legislative arm of the council, to pass the Appropriation as soon as possible to enable the council impact on the lives of the people in the area meaningfully.

Receiving the budget, the leader of the legislative arm of the council, Mr. Foster Iyangbe , said the the councillors would not want a repeat of past situations where budgets passed were applauded only for the executive branch of government to play a different game during its implementation.

“The period of passivity is over. We must demand good governance, judicious use of  public funds, accountability and join the fight against corruption in Edo state.

“Therefore, this year’s budget must be detailed enough to enable our people see at a glance the spread of the projects on Ward basis. Frivolous projects will not receive the approval of the legislative council,” he warned.


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