Seyi Makinde
Gov Seyi Makinde of Oyo State on Wednesday signed the state’s revised budget of N174 billion for 2020 into law.The governor appended his signature on the document at a brief ceremony held at the Government House, Agodi in Ibadan.
The News Agency of Nigeria (NAN) recalls that the reviewed budget was passed by the State House of Assembly for assent on July 28.
The executive arm of government had proposed N169 billion from the initial N213 billion, but the state lawmakers increased the budget to N174 billion.
Makinde said the review of the budget was necessitated by the economic realities of the country occasioned by the current COVID-19 pandemic.
“This is the second time in just about a year that we are going to review the state budget downward.
“The reason for this latest review is apparent to us all, the economic meltdown we are experiencing, occasioned by the crash in oil price coupled with COVID-19 pandemic, has greatly affected our state ability to stick…
Source: Guardian Newspaper
