Ernest Nwokolo, Abeokuta
Ogun state House of Assembly on Friday passed the 2020 budget proposal of N449.97bn presented to it by Governor Dapo Abiodun, retaining the budget size with an adjustment to the capital expenditure with an increment of N2.1bn for capital projects.
The realignment moved the capital estimate from N269,132,349,884.46bn to N271,232,349,884.46bn.
The passage of the bill marked HB. No. 032/OG/2019- Year 2020 Appropriation Law, at the plenary presided over by Speaker Olakunle Oluomo, at the Assembly Complex, Abeokuta, followed the presentation of the report of the House Committee on Finance and Appropriation led by Hon. Olakunle Sobukanla.
Hon. Sobukanla subsequently moved the motion for its adoption, seconded by Sylvester Abiodun and unanimously supported by all the lawmakers through a voice vote.
There were also adjustments in the recurrent expenses of six agencies, capital estimates of nineteen others and the revenue targets of seven agencies; resulting in the…