The Governor of the State of Osun, Adegboyega Oyetola, on Tuesday presented a total sum of one hundred and nine billion, eight hundred and fifty-five million, fifty-four thousand, six hundred and forty naira (N109,855,054,640.00) as 2021 appropriation estimates to the State House of Assembly.

This is even as the Governor unveiled a bumper plan of his administration for the youth segment of the State’s population christened Youth Empowerment, Youth Engagement, Youth Enterpreneuship and Youth Education (4Es).

Christened Budget of Providence, the Appropriation Bill puts recurrent expenditure at N50,620,283,140.00 representing 46 percent, while capital expenditure was N59,234,768,500.00 representing 54 percent.

The breakdown of the budget indicated that the education and health sectors got substantial shares as N10,711,328,430.00 representing 18.08 percent was allocated for education sector while health sector received N10,647,909,910.00 representing 17.98 percent.

Similarly, N4,271,461,870.00 representing 7.21 percent was earmarked for infrastructure sector while Water and Sanitation sector got N4,220,446,550.00.

The sum of N3,404,734,560.00 representing 5.75 percent was budgeted for agriculture sector; N1,134,043,200.00 representing 1.91 percent for Commence and Industry sector; N1,515,122,570.00 representing 2.56 percent for Governance and Administration; N173,035,800.00 representing 0.29 percent for Economic Planning and Budget sector; N167,247,560.00 representing 0.28 percent for Environment sector; and N638,460,000.00 representing 1.08 percent for Social Development and Welfare sector.

Also, N1, 487,110,159.00, representing 2 percent of the total budget has been earmarked for youth related activities.

Furthermore, N134,379,500.00 representing 0.23 percent was budgeted for Security Justice sector and N155,830,830.00 representing 0.62 percent for Information and Communication sector.

It will be recalled that the state government presented a total sum of one hundred and nineteen billion, five hundred and fifty million, four hundred and one thousand and forty naira N119,550,401,040.00 as 2020 Budget which was later reviewed, thus reducing the total size to eighty-two billion, two hundred and twenty nine million and seventy thousand, seven hundred and sixty naira N82,229,070,760.00

Presenting the 30th Annual Appropriation Bill before the members of the State House of Assembly, Governor Oyetola said the 2021 Draft Budget was crafted based on the State of Osun Development Plan (2019-2028).

He said that the appropriation bill was also crafted in line with the Medium Term Sector Strategy (2021-2023); the administration’s manifesto; “Thank You Tour report” as well as the Citizens’ Need Assessment carried out in the 30 Local Governments plus one Area Office of the State.

Speaking on the main features of the budget, Oyetola said inputs were sought from various stakeholders in the process of the formulation of the Appropriation Bill being presented.

He called on the residents regardless of status to support the government in its efforts to jerk up the Internally Generated Revenue.

On his plans to provide jobs and the good life for the citizens and the youth, Governor Oyetola said, ”Despite the current economic situation, the Government will remain undaunted and resolute to provide sustainable livelihood and economic mainstay for the citizenry, most importantly, our teeming youth population.

”In that direction, I have recently flagged off the commencement of the International Trade Centre, Dagbolu. The Trade Centre, commencing from the next two months, will generate not less than 10,000 new jobs, 80 per cent of which will go to our youths in the State through the Dry Port, Car Marts, sundry commodity merchandises, ware housing and logistics.

”In view of the fact that the youthful population of Osun State is one of the greatest assets of the State in its economic diversification agenda, it is pertinent for Government to mainstream them into the State’s socio-economic activities. Thus, the State is poised to vigorously promote the Youth Export Development Programme (YEXDEP) in the State to enhance the contributions of the State’s youths to the non-oil export sub-sector of the economy.

“To show our government’s seriousness and commitment, a sum of N1, 487,110,159.00 has been earmarked for youth related activities in the 2021 Budget proposal,” adding that the interventions will be in Mining, Agriculture, and Skills upgrade and Entrepreneurship Development programme for youths (supported by MSME/BOI Fund) among others.

He also disclosed his administration’s plan to construct a flyover bridge at the popular Olaya junction in Osogbo, the State capital, in continuation of the government’s massive infrastructure development in the State.

Earlier in his welcome address, the Speaker of the State Assembly, Hon. Timothy Owoeye, said the legislative arm of the State government was impressed by performance index of the 2020 budget, which was 85.4 percent as at September ending, describing it as a laudable feat.

He maintained that the 2020 budget, tagged “Budget of Restoration”, did not betray its nomenclature particularly during the Covid-19 pandemic, adding that the government was also able to embark on numerous capital projects, fulfill its obligation and make life meaningful for the people.

He also commended the administration for prompt payment of salaries, pension, and the recent increase in workers’ salaries across the State.

https://osunnewsroom.com/oyetola-presents-n109-9billion-2021-budget-to-osun-assembly-unveils-juicy-plans-for-youths-as-education-health-sectors-take-larger-chunk/amp/?__twitter_impression=true
Mynd44
Lalasticlala

Only a hundred and nine?

Many might think this is a huge sum but all I see here is stagnancy for the next one year.

If you were to build a 15km road, it would cost approximately 3billion....

So if you had plans of building "only"100km, then a chunk of the sum is gone.
Now, that's for roads.

What about other infrastructures, education, health care, and so on? .....
What about the contingencies that will never be accounted for no matter how you fight corruption?

Nah eh! No qualms

Damnnn niggarrrr
Isoright...
I swear i nor get anything to yarn for this topic

They all keep presenting billions of inflated budgets. What a country! What a governance!! What a corrupt style of leadership.

Let’s hope the money is used for what it is for.

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While lagos is planning to fix the protest's destruction with nothing less than 1 trillion Naira (almost 10 times of Osun's budget). When would our leaders start being sincere?

It's a pity

These monies are getting lesser and lesser

But I feel the state's income are being undervalued, that way you can't trace stolen IGR

Okay naaw! May the budget greatly achieve its purpose.

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Lagos own go be 10 trillion naira own I am sure

Officialgarri:
Only a hundred and nine?

Many might think this is a huge sum but all I see here is stagnancy for the next one year.

If you were to build a 15km road, it would cost approximately 3billion....

So if you had plans of building "only"100km, then a chunk of the sum is gone.
Now, that's for roads.

What about other infrastructures, education, health care, and so on? .....
What about the contingencies that will never be accounted for no matter how you fight corruption?

Osino 3Billion.


If not for contract racketeering and corruption, cost of executing that road length no reach half of 3.

slawormiir:
Damnnn niggarrrr
Isoright...
I swear i nor get anything to yarn for this topic

Me too

Wow

I know Tinubu get share

bluelemon

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See money

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The figure is scaring

Mayng01:
They all keep presenting billions of inflated budgets. What a country! What a governance!! What a corrupt style of leadership.

That's the key word - unfortunately. Inflated budgets that end up in personal pockets. Unpatriotic leaders.

And he did not add how he intend to fund the budget

Hmmmmm

As usual

Part of that money will be looted! Trust nigerian politicians

The monies they call but yet nothing to show for it

They will present budget but end up stealing everything and have nothing to show at the end of their tenure.

For the first time Osun is facing reality unlike the years when Rauf use to present bogus empty budget of over 300 million.