Sunday, October 17, 2021

Ondo State 2022 Budget Proposal Scales Through Second Reading

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Ondo State House of Assembly has committed the 2022 State budget proposal to Committee stage, just as it scaled second reading.

At plenary presided over by the Speaker of the House Bamidele Oleyelogun, he directed the Committee on Finance and Appropriation to do justice to the budget and submitted to the House in the next two weeks.

House of Assembly Correspondent Otobot Jim reports that Governor Oluwarotimi Akeredolu had about two weeks ago presented a budget proposal of one hundred and ninety one billion, six hundred and thirty-eight million,three hundred and eighty-seven thousand naira (N191,638,387. 00) for the 2022 fiscal year to the state House of Assembly.

The budget, tagged ‘Budget of Economic Re -Engineering,” was higher than the 2021 budget, of N174.873b.The 2022 budget represents an increase of 9.59 percent over the budget of 2021.

In his ruling, the Speaker commended the State government for the timely presentation of the budget, noting that this is the first time the Parliament will receive budget in September.

Oleyelogun noted that the budget is for the overall interest of the people of the state and charged the Committee to do justice to the bill.

The speaker also directed that all the Ministry, Departments and Agencies,(MDAs) must liase with standing committes and equally come along with each Chairman of the committee before appearing for budget defense, while anybody who fails will not be allowed to appear for budget defense.

Earlier, the Majority Leader of the house,Oluwole Ogunmolasuyi moved a motion for the budget to be moved to second reading which was seconded by a Lawmaker representing Akure South constituency 2.

In his explanation, the Chairman House Committee on Finance and Appropriation, Sunday Olajide said that the 2022 budget would consolidate on the previous activities of the state government.

He promised that the committee will look critically and do justice to the budget proposal.

Other Lawmakers who had debated on the Appropriation bill, observed that the budget will add value to the people of the state and equally make the state to be viable economically.

They affirmed that the budget has good vision and mission in its framework to make people enjoy the dividends of democracy ,as it cut across all critical sectors.