Home Politics Oyetola Presents N129.7bn Budget For 2022 Fiscal Year

Oyetola Presents N129.7bn Budget For 2022 Fiscal Year

By Deborah Oladejo, Osogbo
Osun State Governor, Adegboyega Oyetola, on Tuesday presentedf N129.7 billion to the state House of Assembly as a draft budget for the 2022 fiscal year.
This is even as the governor reiterated his administration’s commitment to sustainable development and the advancement of the state’s economy.
Details of the Appropriation Bill revealed that the larger chunks were earmarked for infrastructure, education and health sectors, with the agriculture sector also getting its fair share.
The 2022 draft budget size was higher than this yearl’s N109.8 billion by over N20 billion.
The budget, christened “Budget of Sustainable Development”, was anchored on the commitment of the administration to providing a conducive living and working environment for the people of Osun.
According to the draft, the recurrent expenditure was N53.59 billion, representing 41.30%, while the capital expenditure was N76.16 billion, representing 58.70%.
Also, N26.6 billion went to education; over N19 billion to infrastructure sector; about N16 billion to the health sector and about N7 billion to the agriculture sector.
Presenting the budget before the lawmakers, Oyetola said it was aimed at further cementing and pursuing the policy thrust of his administration, and consolidating various achievements so far recorded in each sector of the economy of the state.
The governor said that in view of the prevailing economic realities, the main focus of the budget would be aggressive improvement of the Internally Generated Revenue (IGR) drive to ensure optimum performance in the coming years.
He said workable strategies have been put in place to boost the revenue of the state without putting an unnecessary burden on the residents.
The governor also disclosed that all the General Hospitals across the state would be rehabilitated, just as he hinted that government would embark on massive construction of more roads in 2022.
“In line with our administration’s commitment to ensuring that there are no abandoned projects in the State, all existing on-going road projects are being worked upon and will be delivered soon.
“Notable among these Roads are the 17.5km Oba (Sir) Adesoji Aderemi (East by pass) Road; 30km Gbongan – Akoda Road; 40km – Osogbo – Ikirun – Ilaodo – Kwara State boundary Road which are on-going, as well as the complete rehabilitation of 30km Ilesa – Iperindo – Ipetu Ijesa Road.
“This administration has also embarked on massive construction and rehabilitation of roads across the State.
“While some are completed, others are on-going. Notable among these are the construction of 18.1km Osogbo – Kelebe – Iragbiji Road (including Orita Idiodan – Araromi – Anaye Mkt.); Rehabilitation of 25.8km Ede (Army Barrack) – Ara – Ejigbo Township Road; Construction of 0.68km Flyover at Olaiya, Osogbo; Rehabilitation of 1.3km Kuta Palace junction – Isale Oba Road – Asamu Junction Road; Rehabilitation of 2.3km Iloro – Aganun – Division C Police Headquarter, Ile-Ife; Reconstruction and completion of 8.1km Moro-Yakoyo-Ipetumodu-Asipa Road; Rehabilitation of 2.6km Nike Gallery – Ido – Osun Township airport with  palace spur; Rehabilitation of 2.5km Ikirun – Eko-Ende Road; as well  as the construction of  0.31km access road to Fountain University, Osogbo which are on-going.
“In a matter of days, work will commence on Lawyer Atanda Road in Iwo. For network of roads in Ikire and Ife, they are undergoing procurement process, while work has commenced on the Ila-Arandun-Kwara Boundary Road, to mention but a few.
“All these are designed to aid ease of doing business, facilitate easy and smooth movement of citizens and help in the transportation of farm produce to urban markets. I want assure the people of Osun that more notable road projects would be awarded as part of Government’s efforts to improve the socio-economic activities of the residents of the State.
This is also in furtherance of the present Administration’s goal to deliver adequate, quality and equitable services to the good people of Osun,” he said..

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