The Ogun House of Assembly, on Tuesday, passed the state’s 2021 Appropriation Bill of N338.6 billion, with slight adjustments in the recurrent and capital expenditures.
Assemblyman Olakunle Sobukanla (APC-Ikenne), the Chairman, House Committee on Finance and Appropriation, had, during plenary in Abeokuta, presented the committee’s report on the proposed budget before the House.
In the report, total recurrent expenditure was increased from N141.7 billion to N146.5 billion, while capital expenditure was reduced from N176.6 billion to N171.8 billion.
Sobukanla also said that there were adjustments in the recurrent expenditure of 29 agencies and the capital expenditure of 27 others.
He said that the revenue targets of 18 Ministries, Departments and Agencies (MDAs) were modified, while internal loan was reduced from N98.3billion to N95.7billion.
The lawmaker said the new revenue projection had been put at N121.8 billion, as against the initial N119.1 billion.
Sobukanla said that the capital receipt was also slashed from the initial N142.1 billion to N139.5 billion, reflecting a N2.6-billion decrease.
He, thereafter, moved the motion for the adoption of the report, which was seconded by the Minority Leader, Assemblyman Ganiyu Oyedeji, and unanimously approved by all the lawmakers through a voice vote.
The bill was, thereafter, read clause-by-clause before the lawmakers by the Speaker, Olakunle Oluomo.
Assemblyman Yusuf Sherif, the Majority Leader, moved the motion for the third reading, which seconded by Oyedeji, while the Clerk, Deji Adeyemo, read the bill for the third time.
Following the passage, the Speaker directed that the clean copy of the bill be sent to the governor for his assent.