In Oyo State Assembly passes N143bn 2015 budget

The budget was passed after the Chairman of the House Committee on Finance, Olusegun Olayele, presented the committee’s report to the House.

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Governor Abiola Ajimobi play

Governor Abiola Ajimobi

(Daily Times)
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The Oyo State House of Assembly, on Tuesday, June 2, 2015, passed the 2015 Appropriation Bill of N143.10 billion into law.

The budget was passed after the Chairman of the House Committee on Finance, Olusegun Olayele, presented the committee’s report to the House.

Governor Abiola Ajimobi had submitted a proposed budget of N141.77 billion to the House but Olaleye said an increment was deemed necessary due to the extra needs of the administration.

The budget provides for a recurrent expenditure of N88.054 billion and capital expenditure of N55.054 billion.

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