Fayemi Presents N129.9bn Budget For 2019

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Governor Kayode Fayemi of Ekiti state, on Friday presented a budget of
N129.9billion for 2019 to the state House of Assembly for consideration.

The
News Agency of Nigeria, (NAN) reports that the budget, christened,
“Budget of Restoration”, is made up of N57.8billion capital expenditure
and N72.7billion recurrent expenditure.

The capital expenditure represents 44 per cent, while the recurrent expenditure is about 56 per cent of the budget.

Fayemi said the budget was tailored after the 4-pillars of his administration, which are Social Investment, Knowledge Economy,

Infrastructure and Industrial Development and Agriculture and Rural Development.

He
listed the policy thrust and objectives of the budget to include
establishment of an effective strategy to revamp the state’s economy as
well as improving Internally Generated Revenue (IGR), among others.

According to him, the budget has been structured in a manner that will liberate the state from poverty and underdevelopment.

“I
am not on a revenge mission, but rather, I am back as a healing balm on
a painful wound. We as a responsible government are not interested in
trials by media, political witch hunt or playing to the gallery merely
to achieve cheap popularity.

“That is why this administration is
not set out to abandon any of the ongoing projects embarked upon by my
predecessor, especially considering the fact that such projects are
being financed by the state tax payers.

“A bottom- line approach
was adopted in preparing the budget to really meet the yearnings of the
people and return the state to its rightful place among the comity of
states.

“This was why I made sure government consulted widely and
gathered the inputs of all stakeholders in achieving a budget that will
reflect collective aspirations, needs and demands for sustainable
growth of all the 16 Local Government Areas,” he said.

Responding,
the Speaker, Mr Adeniran Alagbada commended the governor for the early
presentation of the budget and promised to accord it accelerated
consideration so that people of the state can begin to enjoy dividends
of democracy under the new All progressive Congress led administration.

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