Governor Oyebanji assents to Ekiti’s N159.57 billion 2024 budget

The budget estimate of N159,572,481,915.51 has 56 per cent allocated for recurrent expenditure and 44 per cent for capital expenditure.

News Agency of Nigeria • December 28, 2023

Ekiti governor, Biodun Oyebanji

Governor Biodun Oyebanji of Ekiti has signed into law the N159,572,481,915.51 2024 appropriation bill, assuring that his administration would fully implement the budget for the prosperity of the people.

The 2024 appropriation bill, christened “Budget of Sustainable Growth and Development”, was presented to the governor by the state House of Assembly speaker, Adeoye Aribasoye and other principal officers at the Governor’s Office, Ado Ekiti.

The 2024 budget estimate of N159,572,481,915.51 has 56 per cent allocated for recurrent expenditure and 44 per cent for capital expenditure.

Mr Oyebanji reiterated his administration’s determination to ensure that the budget was fully implemented to drive sustainable growth and improve the people’s standard of living.

He said the budget would stimulate economic activities, create job opportunities, enhance the state’s overall socio-economic landscape, and assist his government to deliver on its campaign promises and fulfill its obligation to the people.

While thanking the speaker and lawmakers for their thorough review of the budget, the governor said the assembly has proven to be a reliable partner in the state’s development agenda.

” I am so impressed with the quality of debate and scrutiny put in place by the members of the House of Assembly.

“Mr Speaker, I have listened to you on the need to be committed to implementing this budget in partnership with the House of Assembly through your oversight.

“We will ensure that we implement this budget to the letter because the only way we can actually incentivise our people and deliver on our promise is to implement the budget, ” Mr Oyebanji said.

Earlier, the speaker said the lawmakers had painstakingly deliberated and scrutinised the budget and affirmed that it aligns with the people’s priorities.

He said the assembly was impressed with the presentation of the budget, which was well structured to meet the yearnings and aspirations of the Ekiti people.

The deputy governor, Monisade Afuye, and state executive council members also witnessed the budget signing.

(NAN)

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