2013 BUDGET: Again Education Gets Lion Share In Ogun0
The Ogun State Government has earmarked N44.3b to Education in the 2013 fiscal year, representing Twenty-one percent (21%) out of the total budget of N211.79b.
The state commissioner for Budget and Planning, Mrs. Oluwande Muoyo, gave the figure during the Budget breakdown session for 2013 held at the Cultural center, in Abeokuta yesterday.
The event was attended by Top government functionaries, Civil Society Organisations, Professional Groups and Members of the public.
Mrs. Muoyo said some of the projects that would be executed by the Ministry of Education this year include the completion of fifteen Model schools, which commenced last year as well as the construction of additional thirteen.
In addition, the budget will also cover the provision of equipment for seven science and technical colleges as well as some secondary schools. She said projects aimed at achieving the 5-point agenda of the administration will gulp N138.3b, representing Sixty-five(65%) of the 2013 budget.
The commissioner explained that the budget, which is tagged ‘Budget for Sustainable Growth,’ has been designed to build on the successes of the 2012 budget which was the first full budget to be executed by the current administration.
In this regard, Mrs Muoyo said the state government will continue with its massive Infrastructural development across all the local government areas of the state. The budget breakdown further shows that N116.9b (55%) has been earmarked for Capital projects, while recurrent expenditure accounts for N94.8b (45%).
According to her, the government expects to fund this year’s budget through Internally Generated Revenue (IGR), which it expects to be 35%, Federation Account-35%, and Capital Receipts-30%.
The state commissioner for Finance, Mrs. Kemi Adeosun, who was also at the event said the government expects to rake in more revenue this year through taxes since the government has embarked on an aggressive drive to sensitize those living in the border areas on the ‘Residency Rule’ which stipulates that taxes must be paid in the state of residence.
Other top functionaries at the session include the State Commissioners for Information and Strategy, Agriculture, Health, Housing and Women Affairs and Social Development, Alhaji Yusuph Olaniyonu, Mrs. Ronke Sokefun, Dr. Olaokun Soyinka, Mr. Daniel Adejobi and Mrs. Elizabeth Sonubi respectively.
Source: Ogtv Website