The Oyo state House of Assembly has signed into law N310.4 billion Appropriation Bill 2023.
During its Thursday plenary session, the house passed the Finance and Appropriations bills 2023, as well as the Appropriations bill, into law.
While recurrent expenditure stands at N155, 677, 133, 034.38, capital expenditure stands at N154, 755, 366, 965.62 Of the total expenditure, the total sum of N13.4 billion (N13, 490, 413, 715.00) was appropriated for the Office of the Governor.
One billion naira each was appropriated for Oke-ogun Polytechnic Saki and Emmanuel Alayande University, Oyo.
The state Assembly after receiving the report of House Committee on Public Account, Finance and Appropriation, chaired by Honourable Akeem Olawale Mustapha, accepted and passed the Oyo state appropriation bill 2023 into law.
It would be recalled that the Governor of the state, Seyi Makinde, had earlier in September presented a N310 billion budget to the House for legislative consideration and approval.
The passage of the 2023 Appropriation bill into law by the House indicates that there is no significant difference between the original appropriation presented by the governor and the amended version by the house.
