Local News

2024 Budget Analysis: Osun Allocates 35.23% For Modern Infrastructure, Others

VOICE AIR MEDIA, News Update

THE Osun State Government has given priority to modern infrastructural and human capital development in the 2024 budget for the benefit of the people of Osun state.

On Tuesday, while addressing Pressmen of the 2024 budget analysis at the Finance building in Osogbo, the Commissioner for Budget and Economic Planning, Professor Moruf Adeleke, disclosed that out of the N273.9billion 2024 budget, education sector was allocated N38.9billion making 14.21 percent, infrastructure sector got N57.2billion, which is 20.89 percent and human capital development sector got 39.2billion, which is 14.34 percent of the total budget.

The Commissioner added that N24.2billion was allocated to the governance and administration sector, which is 8.85 percent of the total budget, health sector got N23.1 billion, 8.45 percent while the agriculture sector got 1.39 percent, making N3.8billion.

Maruf Adeleke also denied allocating N11 billion as entertainment fund to the offices of the governor and that of the secretary to the government, adding that only N600 million was earmarked for meals and entertainment for the office of the governor.

He further explained that meals and entertainment for the office of the Secretary to the State Government got about N102 million against the N11billion being spread by mischief makers for the two heads.

“The claim that N11 billion was budgeted for the offices of the governor and that of the SSG, for meals and entertainment is a blatant lie. It is not correct in any way.

“The office of the governor comprises about seven different agencies like the office of the Deputy Governor, the office of the Chief of Staff, the Bureau of General Services, Bureaus of Government House and Protocol, Bureau of Parastatals. All these sub-agencies are referred to as the office of the governor. That is the entire conglomerate of the office of the governor that was allocated about N8 billion for total recurrent out of which only N600 million is for meals and entertainment.

“Office of the SSG has a total recurrent of about N3billion, it got about N102million for meals and entertainment. It is that amount that was added to N8 billion to make N11billion that they claimed.

“Overall, salary/wages take N45,817,225,280 (16.73 percent); pension/gratuity takes N36,544,677,720 (13.34 per cent) making N82,361,903,000, (30.07 per cent), other recurrent expenditure includes overhead, which takes N54,020,730,880 (19.72 per cent),” he said.

VAM News

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