Oyo State Governor, Seyi Makinde, yesterday presented a budget of N266, 664, 273, 205 to the state House of Assembly for the year 2021.
The 2021 budget is N12billion above that of the current year.
According to Makinde, 53.2 per cent of the total budget tagged ‘Budget of Continued Consolidation’ is for capital expenditure.
Makinde explained that the recurrent expenditure is N136, 262,990 while the capital expenditure is N130. 381billion.
He said 21per cent of the budget, totalling N56.348billion, is allocated to education, while infrastructure will gulp N46billion, representing 17.2 per cent of the budget.
For health, a total of N13.2billion, representing 4.9 per cent of the budget, was set aside for the establishment of primary health centres across 351 wards in the state.
Makinde expressed appreciation to the State House of Assembly for their cooperation, saying that the positive gesture would be beneficial to the state.
“The 2021 budget is N12billion above the 2020 Budget and this is to further drive a consolidation effort that we started this year.
“We were able to achieve 50.2 per cent of the 2020 Budget implementation, and you will agree with me that it was due to causes beyond our control like the COVID-19 pandemic and other crisis that bedevilled the nation and the world at large.
“So, it is pertinent that we appreciate the members of the state House of Assembly for their support,” he said.