{"id":47871,"date":"2022-11-03T15:49:40","date_gmt":"2022-11-03T15:49:40","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=47871"},"modified":"2022-11-03T15:49:40","modified_gmt":"2022-11-03T15:49:40","slug":"gov-makinde-presents-2023-n310-bn-budget-for-oyo-state","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/11\/03\/gov-makinde-presents-2023-n310-bn-budget-for-oyo-state\/","title":{"rendered":"Gov. Makinde presents 2023 N310 bn budget for Oyo State"},"content":{"rendered":"<header class=\"entry-header\" aria-label=\"Content\">\n<p class=\"entry-title\">Oyo State Governor, <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/10\/22\/our-infrastructure-projects-will-drive-economic-growth-makinde\/\"><strong>Seyi Makinde<\/strong><\/a> on Thursday, presented a budget of N310 billion for 2023 to the <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/10\/29\/assailants-burn-10-houses-in-kano-community\/\"><strong>State House of Assembly<\/strong><\/a> for approval.<\/p>\n<\/header>\n<div class=\"entry-content\">\n<p>Presenting the budget, tagged \u201cBudget of Sustainable Development\u201d, Makinde said that the figure was made up of N154.3 billion capital expenditure, representing 49.79 per cent and \u00a0N155.6 billion recurrent expenditure, representing 50.21 per cent.<\/p>\n<p>He said that the focus of the budget was to complete all ongoing projects, rather than starting new ones.<\/p>\n<p>Makinde said that the budget was premised on internally generated revenue of N83.5 billion.<\/p>\n<p>\u201cOur statutory allocation is capped at N50 billion while our VAT is capped at N60 billion.<\/p>\n<p>\u201cWe also have other revenue streams as contained in the detailed budget proposal,\u201d he said.<\/p>\n<p>Infrastructure took the lead in the budget with N85.7 billion allocation, while the education sector followed with N58.2 billion.<\/p>\n<p>\u201cFor this budget, we have continued to prioritise the four pillars of our roadmap to accelerated development in Oyo State 2019-2023, so 27.65 per cent of this budget has been allocated to infrastructure.<\/p>\n<p>\u201cThis is not unexpected as we have always allocated more funds to infrastructure as a sure path to accelerated development, and we are continuing in that stride for sustainable development.<\/p>\n<p>\u201cWe have maintained our record of allocating funds for education that conform to UNESCO standards of 15-20 per cent of the budget.<\/p>\n<p>\u201cThis time, education is 18.78 per cent of the total budget,\u201d he said.<\/p>\n<p>In his remarks, the Speaker of the House, Mr Debo Ogundoyin said that the budget would be used to consolidate on the foundation laid by the administration since its inception in 2019.<\/p>\n<p>\u201cWhich has given us an edge over all past administrations in Oyo state especially in terms of infrastructure growth, educational development and socio-economic transformation.<\/p>\n<p>\u201cI want to applaud the people\u2019s governor for setting the pace in all areas of development as attested to by the overwhelming support we have continued to receive from the people of the state,\u201d he said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oyo State Governor, Seyi Makinde on Thursday, presented a budget of N310 billion for 2023 to the State House of Assembly for approval. Presenting the budget, tagged \u201cBudget of Sustainable Development\u201d, Makinde said that the figure was made up of N154.3 billion capital expenditure, representing 49.79 per cent and \u00a0N155.6 billion recurrent expenditure, representing 50.21 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":47878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"42922","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"footnotes":""},"categories":[7],"tags":[1377,150],"class_list":["post-47871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-gov-seyi-makinde","tag-oyo-state"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gov. 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