Governor of the State of Osun, Ogbeni Rauf Aregbesola on Thursday presented a total sum of N 173,980,083,007 billion budget of the state for the year 2018 fiscal year to the state House of Assembly for scrutiny and approval.

The Governor is presenting a budget that is N27,347,336,027 higher than that of 2017, the sum N146,632,746,980.00‎ was presented to the Assembly last year.

Aregbesola, presenting the draft Budget christened “Budget of Enduring Legacy” said it is anchored on the avowed commitment of his administration to provide a conducive living environment for the people of the State.

Summarising the draft 2018 revenue budget, the governor told the House of Assembly ‎the state will be expecting money to finance the budget from expected government share of Federation Account N27 billion forming 15.56%, Value Added Tax‎ N8.8 billion (5.10%). Others are‎ Excess crude account‎ N77.7 billion‎ (0.04%),other revenue from FAAC ‎N5,052.6billion (2.90%), personal and corporate taxes are put at ‎N25.1 billion (14.45%) and N9.7 billion (5.58%) respectively.

Expected form Licences ‎is N1.5 billion (0.92‎%), General fees N20.8 billion (11.99%)‎, General. Earnings N3.6 billion (2.55%), rent on government buildings and rent on lands and others at ‎N335.7 billion (0.19%) and N279 billion (0.16%) respectively.

Other sources are. Repayment, investment income,‎ interest earned, reimbursement, domestic aids, foreign aids, domestic grant and foreign grants

‎The governor put the total year expected receipt at N151.9 billion ‎(87.34%), other sourced fund to finance specific projects are internal source and external are‎ N1.5 billion ‎(0.86%) and external source N20.5 billion (11.80%” respectively‎.

‎He said, “Our ultimate goal for the 2018 Budget is to ensure a continuous improvement in the welfare and standard of living of our people.

“This will be achieved by consolidating the previous achievements of this administration and do everything possible to recover the lost glory of the State.

“Thus, the 2018 budget has been carefully packaged to ensure the effective realization of our vision as encapsulated in our Six-Point Integral Action Plan.

“It is important to intimate this august Assembly that the preparation of 2018 Budget has been very participatory. Relevant inputs were sourced and received from various stakeholders across the State in order to enhance the quality of the Budget”.

‎Aregbesola from the budget presentation put the summary of total arrears transferred to the Draft 2018 Budget as budget surplus/deficit‎ N-28.6 billion, liabilities, N22 billion, salary arrears N-22.8 billion, Pension and gratuity, N-6.7 billion and capital arrears (dredging/flood control)‎ N-2.3 billion totalling N-38.5 billion.

‎He said, “Having presented the highlights of the summary of the revenue and expenditure components of the draft 2018 Budget as well as the sectoral and sub-sectoral classifications of the Capital Budget, let me now present the highlights of the proposals contained in the budget.

“I will start by highlighting the achievements recorded in each of the sectors/sub-sectors and thereafter speak on the programmes and projects admitted into the 2018 Budget.

‎”The State of Osun, being an agrarian economy with arable fertile soil, can only move forward positively by revolutionising agriculture. The present administration will continue to put agriculture in its pride of place of the state economy.

“Agriculture will not only provide employment for our teeming masses, it will also encourage rapid agro-allied industrialization of the state, generation of income and improved welfare of the citizenry.

“As spelt out in the Six-Point Integral Action Plan, our intention is to make agriculture profitable, attractive as a good venture as well as making food available in the State for the well being of our citizens.

http://www.metronaija.ng/aregbesola-presents-n173bn-2018-budget/

cc: lalasticlala mynd44

If this man can pay worker's salary, he would be one of the best governors of this regime.
He should amend his ways.

metronaijadotng:

‎Aregbesola from the budget presentation put the summary of total arrears transferred to the Draft 2018 Budget as budget surplus/deficit‎ N-28.6 billion, liabilities, N22 billion, salary arrears N-22.8 billion, Pension and gratuity, N-6.7 billion and capital arrears (dredging/flood control)‎ N-2.3 billion totalling N-38.5 billion.


http://www.metronaija.ng/aregbesola-presents-n173bn-2018-budget/

cc: lalasticlala mynd44

Can anyone please explain this part to me

These governors are jokers!.... please can somebody explain to me where he will get up to 50 billion to fund this budget?

Budget of governor who can't pay salaries any longer. I hope he budgetted half salaries for the workers . . .

Yyeske:
Can anyone please explain this part to me

I am suspecting it to mean the arrears of this year will be added as liabilities into the 2018 budget. Thus it carried a positive value in the budget but it was carrying a negative sign because it handles 2017 expenses/arrears.

“Budget of Enduring Legacy”

Hope they stay true to this!

173b naira wen the monthly allocation to state is not up to 700 million naira due to accrued debt to the federal government

In Dino's voice "boju boju budget"

TO present budget is easy,to implement wot is budgeted naa gobe.

∆ Everything na wayo ∆

Rivers presented over one trillion naira budget, yet Osun has more projects. Seems all Rivers State projects are in Wike's personal accounts in Europe and America.