By Dayo Johnson

Akure—The Ondo State House of Assembly yesterday, passed the N170.8 billion 2017 appropriation bill.

The Chairman of the House Committee on Finance and Appropriation, Sunday Olajide, had presented the report of the committee to the House at plenary.

Olajide said that the bill had undergone proper scrutiny by members while public sittings were held for all Ministries, Departments and Agencies.

He also said the assembly refrained from granting indiscriminate requests by MDAs because of paucity of funds.

2017 budget breakdown

He noted that the committee only redistributed funds to some critical areas, with an increase of  N1.12 billion recorded.

“Hence, the overall budgetary provision will now be N170,846,580,000,” he said.

Olajide highlighted the observation of the committee that the 2017 expenditure was carefully projected and set at sustainable level with due consideration for the present economic realities.

He said the committee, however, recommended that all MDAs should, ensure that the provisions in the budget were applied to the needs stated therein while the Board of Internal Revenue should make efforts to block all identified leakages.

The state government, he added, should take all the steps necessary to propel all income generating MDAs to embark on internally generated revenue drive in line with extant laws with a view to attaining their revenue target.

The Speaker of the House, David Oleyelogun, thanked all members of the committee for their efforts.

He also commended other members of the House for their cooperation and diligence while working on the appropriation bill.

The budget increased by N1.12 billion when compared with the N169,720,580 billion earlier presented by Gov. Rotimi Akeredolu on June 5.

The budget put the recurrent expenditure at N95.15 billion, capital expenditure at N59.18 billion, debt service at N8.12 billion and statutory transfer at N8.37 billion.

Meantime, a pro-democracy group; Committee of Concerned Citizens in the state filed a suit challenging the mode of transmission of the appropriation bill to the State House of Assembly by the governor.

Subscribe to our youtube channel


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