Home Politics Osun Amends 2020 Appropriation Bill, Reduces From N119.5bn to N82.3bn

Osun Amends 2020 Appropriation Bill, Reduces From N119.5bn to N82.3bn

0
Osun State House of Assembly

By Deborah Oladejo, Osogbo

Osun State House of Assembly on Tuesday received a letter from the state governor, Mr Gboyega Oyetola, requesting for the amendment of 2020 Appropriation Bill, reducing the budget by N37.3billion from N119.5billion to N82.2billion

Reading the letter at the plenary session, the Speaker, Rt.Hon Timothy Owoeye, said the governor explained that the reduction in budget was as a result of the effect of COVID-19 on the global economy, which equally affects the Federal Government allocation and the state revenue.

In the letter which is titled ” 2020 Amended Appropriation Bill,  the governor also explained that Coronavirus had affected revenue generation variables of the state and that was why the state 2020 Appropriation Bill had to be review downwards.

He said N9.4billion of the revised amendment (which makes 11 and half percent) would be spent/dedicated to fighting COVID-19 and the post-COVID-19 pandemic effect in the state.

The governor also said the amendment was based on reality and implore the lawmakers not to give attention to any state ministry, agency or department that want any upward adjustment in their budget.

The amendment bill was passed, by the lawmakers, for first and second reading, and the policy trust of the bill was equally read, where the lawmakers all unanimously agreed that the bill be given accelerated passage, because of the reality of the Coronavirus on the state and world economy.

The speaker said the amendment was a 35 per cent reduction of the 2020 appropriation bill, and that the dedication of part of the budget to fighting COVID-19 and post COVID-19 effect was laudable as many businesses had been affected and crippled by the global pandemic.

 

 

nigeria_news_access_bank_online

Like and Share this:

ADD YOUR COMMENT

Please enter your comment!
Please enter your name here