Ekiti State Governor, Mr. Biodun Oyebanji has presented a budget of N113.6 billion for 2023 to the State House of Assembly for consideration.
The bill, christened “Budget of Strong Beginning”, was made up of N80.36billion for Capital Expenditure and N34.06billion for Recurrent Expenditure.
Mr. Oyebanji explained that capital expenditure constituted 70 per cent of the Budget while 30 per cent represented recurrent expenditure.
According to the Governor, the budget will provide the roadmap for the implementation of his administration 6-point agenda.
He said that his administration would be irrevocably committed to openness, transparency and accountability towards ensuring fiscal discipline in government activities.
Governor Oyebanji said the budget was prepared in accordance to global best practices and added that the state Ministry of Budget and Planning will later give a detailed analysis of the budget.
Earlier, while welcoming the governor to the House for the first time as the Chief Executive of the State, the Assembly Deputy Speaker, Rt Hon. Hakeem Jamiu assured that the Assembly will continue to build bridges of understanding and collaboration with the government for the betterment of Ekiti people.
He assured that the House through its various committees will work expeditiously on the budget estimate with a view to passing it in a record time.