Governor of Ogun state, Ibikunle Amosun, has presented the N345.42 billion 2018 appropriation bill to the State House of Assembly in Oke-Mosan, Abeokuta, the state capital.
In the proposed budget christened: ‘Budget of Accelerated Development,’ a total of N223.72billion was earmarked for capital expenditure, which represented 64.77 percent of the estimates, while N121.69 billion would be for recurrent expenditure, representing 35.23 percent.
At the budget presentation ceremony on Tuesday, the governor promised to expedite actions on his five cardinal programmes with more focus on agriculture that will lead to industrialisation.
The governor said the 2018 appropriation was “aimed at meeting the stategovernment’s resolve of delivering dividends of democracy by embarking on new projects and completing ongoing ones.”
Amosun added that the expected revenue from both the Internally Generated Revenue (IGR) and the Federation account was N197.258billion, representing 57.10 per cent.