… Presents N390b 2025 budget (Breakdown)
Governor Ademola Adeleke has described his administration as an agent of development that has positively touched all sectors of Osun society within just two years in Office.
He made the pronouncement while presenting Budget 2025 to the State House of Assembly in the presence of lawmakers and members of the State Executive Council in an annual event hosted by the House Speaker, Right Honourable Adewale Egbedun.
The Governor noted that “the total size of the Budget 2025 is Three Hundred and Ninety Billion, Twenty-Eight Million, Two Hundred and Seventy-Seven Thousand, Seven Hundred and Forty Naira Only (390,028,277,740.00).
“The expenditure comprises Capital Expenditure of One Hundred and Forty-Four Billion, Two Hundred and Thirty-One Million, One Hundred and Eighty-Three Thousand, Eight Hundred Naira (N144,231,183,800.00), Recurrent Expenditure of Two Hundred and Forty-Five Billion, Seven Hundred and Ninety-Seven Million, Ninety Three Thousand, Nine Hundred and Forty Naira Only (N245,797,093,940.00).
“Recurrent Expenditure is divided into Personnel cost, which is made up of salaries and allowances, as well as Pensions and Gratuities and stands at One Hundred and Two Billion, Eight Hundred and Ninety-Five Million, Eight Hundred and Twenty One Thousand, Ten Naira Only( ₦102,895,821,010.00). The balance of One Hundred and Forty-Two Billion, Nine Hundred and One Million, Two Hundred and Seventy-Two Thousand, Nine Hundred and Thirty Naira Only( ₦142,901,272,930.00 ) is set aside.
“Our Revenue consists of Recurrent Revenue, where Government share of FAAC is One Hundred and Ninety-Six billion, Seven Hundred and Seventy-Eight Million, Nine Hundred and Seventy-Five Thousand, One Hundred and Eight Naira Only (₦ 196,778,975,180.00 and Independent Revenue is One Hundred and Nine Billion, Eight Hundred and Seventy Million, Nine Hundred and Thirty-Two Thousand, Eight Hundred and Thirty Naira Only (₦109,870,932,830.00). Other receipts from development partners are Fifty Three Billion, Three Hundred and Seventy-Seven Million, Two Hundred and Forty Four Thousand, Six Hundred and Ten Naira Only (₦53,377,244,610.00)”, the Governor noted in his speech.
Governor Adeleke affirmed that his administration has recorded unprecedented progress across the sectors which will be unveiled in detail during the midterm anniversary held for a week later this month, submitting a synopsis to the Assembly.
According to the Governor, “Our administration has reduced rural Health Access gap by 40% through rehabilitation of over two hundred Primary healthcare centers; We have increased health care access to all pensioners from less than 10% to 90% within 2 years;
“We closed road infrastructure gap and deficit by 50% from 80%; We took agricultural mechanization from 0% to 35%; We built digital economy policy structures from 0% to 55%; We built public service integrity from 25% to almost 70%;
“We expanded local content from 0% to 75%; We built climate agenda from 0% to over 70%; We raised state financial support for cooperative societies from 0% to 66%; We expanded financial support to ward cooperative societies from 0% to over 60%;
“We built Ilesa University from 15% to over 90%; We redeveloped Odeomu Cooperative College into an HND institution; We increased Osun Google coverage from 20% to 65%; We launched phased bursary award from 0% to 40%; We liquidated 40% of inherited salary debt;
“We paid up over 35% of inherited pension debt; We improved School infrastructure by over 40 percent; We enhanced rural Infrastructure by over 40 percent with over 300 completed rural projects”, the Governor affirmed, adding that “Osun State has not taken any loan (External or Domestic).
“We rely solely on the prudent management of available resources to meet the yearnings and aspirations of the good people of Osun State. This is our goal and with God on our side we will not derail”, the Governor told the lawmakers.
Osun Executive Council Approves Budget 2025, Appoints Two New Kings
Osun state executive council had earlier approved a total budget of Three Hundred and Ninety Billion, Twenty-Eight Million, Two Hundred and Seventy-Seven Thousand, Seven Hundred and Forty Naira Only (390,028,277,740.00) for onward presentation to the House of Assembly.
The council deliberations chaired by Governor Ademola Adeleke reviewed the performance of the 2024 budget and discussed the details of the proposed 2025 budget estimates.
Governor Adeleke told the Council that the increase in the size of the budget from that of last year was meant to consolidate the gains already recorded in the implementation of the 2024 Appropriation Act.
According to the State Governor, the administration is determined to expand the state economy, increase the state’s internally generated revenue, and block leakages in the state financial system to cope with the increase in the budget size.
The Council further approved the appointment of Prince Omolola Adekunle as the new Oniran of Ile-Iran at Ayedire South Local Council Development Area. The king was a former member of the Osun State House of Assembly.
Also appointed as the new Awara of Iwara, was Prince Adekunle Taiwo Adeola. Iwara is located at Atakumosa East Central Local Development Council of Osun state.
Signed:
Mallam Olawale Rasheed,
Spokesperson to the Osun State Governor.