Abiodun Presents N449.97bn Budget of Building Ogun Future Together for 2020
Ogun State Governor, Dapo Abiodun, Tuesday presented a budget proposal of N449.97 billion for the 2020 fiscal year to the state House of Assembly with N269.132 billion earmarked for capital expenditure.
Christened “Budget to Build our Future Together,” the fiscal proposal has N180.842 billion for recurrent expenditure, representing 39.69 per cent.
Abiodun explained that the 2020 budget proposal was based on his government’s resolve to reflect the determination to deliver electoral promises to the optimal level.
He noted that an estimated N254.946 billion was projected as internally generated revenue for the state, while statutory allocation was expected to be N43.431 billion.
According to him, “Personnel cost will be N109.183 billion, salaries and allowances is N83.238 billion , while pension and gratuities will be N25.945 billion while overhead costs stands at N71.659 billion.”
He said Infrastructure had the lion share of N107.964 billion, followed by social well-being and welfare, N128.06 billion.
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