Gov. Oyetola Signs N109bn 2021 Budget into Law

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    By Deborah Oladejo, Osogbo

    The Governor of Osun State, Adegboyega Oyetola on Tuesday signed the 2021 Appropriation Bill of N109billion into law.

    The Governor who said that the Year 2021 would witness a new phase of massive transformation that would take the State to higher levels noted that the budget would offer greater hope of job opportunities; improved welfare for all;   human, capital and massive infrastructure development than the previous year.

    While signing the Appropriation Bill in his office, Government Secretariat, Abere, Osogbo, Oyetola assured that the 2021 budget would perform far better than that of the 2020 which recorded over 90 percent performance despite Covid-19 lockdown and the EndSARS protest.

    The Governor who said his administration was resolved to follow time-tested economic principles to enhance optimum results of the 2021 budget reaffirmed the administration’s commitment to employing creative and probity strategies in the implementation of the budget to effect maximum performance.

    Oyetola maintained that the government would do everything possible to ensure proper deployment of available resources, cutting of costs and plugging of wastes for adequate and efficient service delivery next year.

    He said Year 2021 budget had been creatively appropriated and designed to meet the present socioeconomic realities and statutory obligations of the government.

    According to him, the State was on the path of delivering its Development Agenda in the Year 2021 with 54 percent for capital and 46 percent for recurrent expenditure allocations respectively and creative income strategies.

    “It is heartening that, less than one and half months, after presenting the 2021 budget to the House of Assembly, that is precisely on November 10, 2020, we are gathered here for the signing of the Appropriation Bill into law.

    “The 2021 budget we are signing today offers more hope that we are set to perform even better during the year. With 54 percent capital and 46 percent expenditure allocations respectively and creative income strategies, we are on the path of delivering more on our Development Agenda, which is our pact with the people.

    While presenting the Year 2021 Appropriation Bill to the Governor for signing, the Speaker, Osun House of Assembly, Hon. Timothy Owoeye, commended the Governor for his sterling performance in the implementation of the 2020 budget expressing confidence in the ability of the executive arm to ensure adequate implementation of the Year 2021 budget for the good and betterment of the people and the state.

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