Governor Adegboyega Oyetola has presented the State of Osun 2021 Budget Proposal of N109.85bn before members of the State House of Assembly.

The 2021 Appropriation Bill christened ‘Budget of Providence’ with
the aim of rebuilding and stabilizing the economy of Osun post-Coronavirus era was presented on the floor of the House on Tuesday November 10, 2020.

Governor Oyetola noted that with a total budget estimates of N109.85bn, the 2021 proposed budget contains a recurrent expenditure of N50.62bn (46%) while a total of N59.23bn (54%) is earmarked for capital expenditure.

He added that his administration’s major focus in the proposed budget is on infrastructure, education, youth development, healthcare, agriculture among other critical sectors.

Speaking, he said, “In the current fiscal year, our admin embarked on massive infrastructural devt. which centres on citizens needs assessment. We’ll keep up with this drive in 2021. Considering the heavy traffic, frequent accidents and the need to protect lives, we shall construct a Flyover Bridge at the Olaiya Junction, Osogbo”.

Oyetola added that the proposed Flyover is a 4–Span Bridge which has a total span length of 60m with each being 15metres. It has 196 meters approach ramp from Fakunle end, while that of MDS approach ramp is 99.95m, totalling 295.95m length of approach ramp. The total length of the Flyover Bridge is 335m.

He promised to involve youths in Osun’s economic diversification agenda, through promotion of youth export development program.

“In view of the role of our young people in Osun’s economic diversification agenda, we shall further involve them in the State’s socio-economic activities. Thus, we’re poised to vigorously promote the Youth Export Devt. Program (YEXDEP) to enhance Osun’s youth  contributions to the nation’s non-oil export sub-sector”, he said.

Adding, he said, “In the proposed 2021 budget, we earmarked the sum of N1.48b for youth related activities which shall cover various youth empowerment programmes, Osun Micro credit revolving loan, Business support service credit scheme to artisans, entrepreneurship development programs, among others”.

0 Post Views

Leave a Reply

Your email address will not be published. Required fields are marked *