The Ogun State House of Assembly on Friday approved the state’s 2020 budget proposal of N449.9 billion largely retaining the budget presented by the executive.
It, however, effected a slight increment of N2.1 billion for capital projects.
While the capital component was increased from N269.1 billion to N271.2 billion, the recurrent expenditure was slashed from N154.9 billion to N152.8 billion.
The Speaker, Olakunle Oluomo, presided over the passage of the bill at the plenary, following the presentation of the report of the house committee on finance and appropriation led by Olakunle Sobukanla.
Mr Sobukanla, thereafter, moved the motion for its adoption and was seconded by Sylvester Abiodun. The motion was unanimously supported by all the lawmakers through a voice vote.