Skip to main content

Poor allocation: Aregbesola wants budget cut by N12.8bn


Governor Rauf Aregbesola of Osun State, has sought the approval of the state House of Assembly for downward review of the 2016 budget estimate from N150.7 billion to N137.9 billionAregbesola had last December presented the draft budget to the House for consideration and approval which the house is currently deliberating on. But in a letter read by the Speaker, Najeem Salaam at the plenary yesterday, the governor said the review was necessary to give the government the capacity to implement the budget. 

A statement by the Chairman, House Committee on Information and Strategy, Olatunbosun Oyintiloye said the governor was seeking the approval of the house for the review of the budget due to the poor economic reality. According to the statement, the letter read in part: “The current economic downturn in the country, occasioned by the dwindling revenue from the federation account, it necessitate the need to reduce the cost of governance. “Therefore, it has become pertinent and inevitable to restructure the 2016 draft budget in line with the reality on ground. “In line with the extant rules and regulations, the House, through your office is being informed about this new development”, the letter added. 

The governor sought the review of the revenue and expenditure from N150,728,245,450 to N137,977,966,630. Also, the personnel cost is review from N33,344,515,710 to N32,793,966,970; the overhead cost reviewed from N12,276,675,930 to N9,202,330,410; Consolidated Revenue Fund Charge remained N37,123,204,940, while the capital expenditure is reviewed from N67,983,848,960 to N58,858,464,310.  

Comments

Popular posts from this blog

20 Most Stylish Cornrows braids for every woman (photos)

What every lady needs is to always opt for that particular hairstyle that will bring out your best look and make you extra gorgeous. Some knows quite well how to attain such goals while majority just lacks the idea. Cornrows braids have been known for its uniquess in almost every face, its another form of Ghana braids but its a lot easier to plait than Ghana braids. Most times, one is required to make use of extensions while some still braid with their natural hair. Below are pictures of well plaited, terrific looking cornrows braids to excitedly pique your fancy. Check them out and pick one for your next hair appointment...

Straight back Ghana braids to try out this season with beautiful pictures

Below are about 10 finely made all back Ghana braids collected just to put your interest on edge. Its not the old style you know, these ones are more revolutionised and fanciful that you won't be able to resist them . Go get that gorgeous look today.

Trendy Ghana Weave Styles to Try out this Season (Photos)

If you are totally bereft of what Ghana braids to do, then checking out this Ghana weave styles will actually give you notion on what to do. All back Ghana weaves with curved pattern will fit particularly on a face with full front hairline. My kind of person won't blink twice choosing this hairdo as my front hair is over full.. Lolz, that's exaggeration. Check other ones too.