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Oyo State: Makinde Presents 2020 ‘Realistic’ Budget, As Education Runs With 22.37%, Aims At 70% Implementation

The Oasis Reporters

November 27, 2019

Oyo State Governor, Engr. Seyi Makinde presenting 2020 Budget to the State House of Assembly at the House chamber, Secretariat, Ibadan. PHOTO: Oyo State Government.
Oyo State Governor, Engr Seyi Makinde (left) and Speaker Oyo State House of Assembly, Hon Debo Ogundoyin during the 2020 Budget presentation to the House of Assembly by Governor Makinde at the House chamber, Secretariat, Ibadan. PHOTO: Oyo State Government.
Oyo State Governor, Engr Seyi Makinde (right) with the Progressive Tradesmen and Artisans Association of Nigeria during their solidarity support rally to Governor Makinde in his office, Secretariat, Ibadan. PHOTO: Oyo State Govt.

Oyo State governor, Seyi Makinde sets the ball rolling, with an early presentation of the State 2020 budget proposals to a parked Chamber at the State House of Assembly in the Secretariat Complex, Agodi, Ibadan.

The atmosphere looked brisk and business minded, delving principally into the issues at stake.
Budget watchers in Ibadan say it was a clear departure from the valedictory budget presented by then outgoing governor, Abiola Ajimobi last year, which was boycotted by the paramount ruler of the capital city, Ibadan. The Olubadan of Ibadan Land had had a running battle with Ajimobi, who wanted to diminish his status by coronating other Obas in Ibadan, much to the chagrin of every citizen. The moment Ajimobi left office, the installed kings removed their crowns and lined up at a respectable distance behind Olubadan.
However, the Alaafin of Oyo was at the budget presentation, as a way of bidding Ajimobi bye, for a lackluster 8 years in office.

Ajimobi’s budget then, was filled with anecdotes of justifications and recreative explanations of his real intentions.

Many commended Makinde for a realistic, early and business like presentation, setting the tone for what 2020 would look like.

Here are some of the highlights:

“When we set out to prepare the budget, our aim was to keep the budget realistic. To prepare a budget where projected revenue matches projected cost, unlike what has been the practice in the past. I am happy to report that we have kept our promise to the people of Oyo State.

“Our capital expenditure increased by about 20% compared to the 2019 budget. Total capital expenditure of N100.14 Billion, is 47.9% of the total budget estimate. Increased allocation to capital projects directly contributes to a more buoyant economy and sustainable development.

We were able to keep the personnel cost down by over 10% compared to the 2019 budget. One of the key reasons for this is that we are carrying out a staff audit and creating a database of all staff in the Oyo State civil and public service.

“In the 2020 budget proposal, we have provided for capital projects in the education sector along with regular payment of subvention. For these reasons, Education comes a close second to Works with a total allocation of 22.37% of the budget.

The other areas which have been prioritised in the 2020 budget proposal are Healthcare at 5.18% and Agriculture, to drive our economy, allocated 4.43% of the total budget proposal”.

“Infrastructure has the highest percentage allocation in the 2020 Fiscal Year’s Budget at 23.93% of the total sum allocated. It is our plan to be bullish with infrastructural development, especially road construction.

“Light Up Ibadan” project, the installed Smart LED Street Lights in Ibadan will be replicated across the major towns and cities in Oyo State. Government will also procure new fire fighting vehicles, ambulances, water tankers and communication equipment.

We are aiming for at least 70% budget implementation. We believe we can even exceed this because we are not building castles in the air. Our proposed budget income matches our proposed expenditure.

It is a budget that captures the aspirations of the good people of Oyo State. A budget that every woman, man, and child in Oyo State can relate to and be proud of. A budget in keeping with our Roadmap for Accelerated Development in Oyo State 2019-2023″.

Greg Abolo

Blogger at The Oasis Reporters.

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