Oyo State House of Assembly passes 271.57 billion naira 2018 budget

The Oyo State House of Assembly yesterday passed the state’s 2018 Appropriation Bill of 271.57 billion naira. This followed the adoption of the reports and recommendations of the House Committee on Public Accounts, Finance and Appropriation, headed by Mrs Bolanle Agbaje. The House presided over by the Speaker, Mr Michael Adeyemo, unanimously consented to the passage of the bill, and approved 119.631 billion naira as the total recurrent expenditure and 149.941 billion naira as the total capital expenditure for the year ending December 31st, 2018.

The speaker commended members of the committee for thorough scrutiny of the budget within a short time-frame, and implored the executive arm of government to look into giving a quick assent to the Appropriation Bill. He assured residents of the state that their interests had been adequately represented in the newly passed budget.