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JUST IN: Makinde Presents N294.5bn “Budget Of Growth And Opportunities”

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Oyo State Governor, Engineer Seyi Makinde on Tuesday presented the Appropriation Bill of two hundred and ninety-four billion, five hundred and sixteen million, four hundred and forty-five thousand, one hundred and seven naira to the Oyo State House of Assembly.

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Christened Budget of Growth and Opportunities, Makinde said N156 billion will be injected into the economy through investments in infrastructure and ensuring that Oyo residents have higher purchasing power.

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Speaking further, Makinde affirmed that for the first time, the proposed capital expenditure is more than the recurrent expenditure.

For the 2022 fiscal year, the governor projects N79.5 billion for the internally generated revenue which he noted that his administration intend to achieve without increasing taxes but will continue to expand the tax base to include more in the informal sector.

The budget Presentation had in attendance, Alaafin of Oyo Oba Lamidi Adeyemi 111, Olubadan of Ibadanland who was represented by Otun Olubadan, High Chief Lekan Balogun, Soun of Ogbomoso among other traditional rulers in the state.

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