The governor of Ogun State Prince Dapo Abiodun today presented a budget of #339 billion to the State House of Assembly.
While presenting the budget at the hallowed chamber of the State House of Assembly complex Governor Abiodun said the aggregate expenditure of N339 billion is proposed for the State Government in 2021.
The proposed budget of N339 billion expenditure comprises the recurrent of N162B and Capital of N177B. Governor Abiodun said he has been able to achieve a 52 percent capital expenditure as dictated by best practices to drive our developmental objectives.
He said the current Expenditure of a Substantial part of the 2021 recurrent cost estimate is allocated to paying salaries and overheads in MDAs providing these critical public services.
The Personnel cost remains the largest single item of expenditure, by 31st October 2020, it accounted for 35.5 percent of total State Government spending and is projected at 21 percent of 2021 total expenditure. Necessary steps will be taken to sustain the payroll integrity and ensure that the nominal roll of the Public Service and payment of monthly pensions are accurate (e.g. removal of duplication of BVNs from the State payroll).
Abiodun added that his government shall continue to be prudent and responsible in respect of MDAs overhead expenses considering attendant economic realities. Such expenses shall be sustained at reasonable percentages viz-a-viz revenue generation prospects of each MDA in the State. Consequent to the inflationary trend, the total overhead costs of MDAs and Government Owned Enterprises is projected at N 50 billion in 2021, this represents an increase of N11 billion from N39 billion in 2020.