Ogun plans N360bn IGR, Abiodun proposes N351bn budget
The Ogun State Governor, Dapo Abiodun, on Tuesday, presented a N351bn budget proposal for the year 2022 before the state House of Assembly.
Abiodun, who christened his budget proposal, ‘Budget of Restoration’, gave the lion share to infrastructure .
The governor said the proposed budget, would be largely funded with an expected federal allocation of N73.01bn while Internal Generated Revenue was put at N360bn.
According to the governor, capital expenditure including infrastructure, ICT and power will get N170bn, representing 81 per cent of the total budget.
Education got N56bn, while agriculture received N15bn; health sector was allocated N25bn.
On the capital expenditure, Abiodun said the proposed budget would take 81 per cent while recurrent cost which comprises personnel cost and public debt got N75bn and N28bn respectively.
