The Oyo State Governor, Seyi Makinde, on Monday presented a budget of N266.6bn as the 2021 budget to the state Assembly.
While presenting the budget tagged, ‘Budget of continued consolidation’ Makinde announced that 53.2 per cent of the total budget was being proposed for capital expenditure.
He said, “The 2021 budget is N12bn above the 2020 budget and this is to further drive a consolidation effort that we started this year.
“We were able to achieve 50.2 per cent of the 2020 budget implementation and you will agree with me that it was due to causes beyond our control like the COVID-19 pandemic and other crisis that bedevilled the nation and the world at large.”
Makinde further explained that the recurrent expenditure is N136, 262,990 while the capital expenditure is N130. 381bn.
According to him, 21 per cent of the budget, amounting to N56.348 bn, is allocated to education while infrastructure is to gulp N46bn, representing 17.2per cent of the budget.
For health, a total of N13.2bn, representing 4.9per cent of the budget was set aside for the establishment of primary health centers across 351 wards in the state.
Makinde lauded the state lawmakers for their cooperation.
“So, it is pertinent that we appreciate the members of the state House of Assembly for their support.”