Osun state governor, Ademola Adeleke, has presented N390 billion as 2025 appropriation bill to the state house of assembly.
The speech of the governor made available to journalists by his spokesperson, Olawale Rasheed, Wednesday, said the total sum of the appropriation bill was put at N390,028,277,740.00, with a capital expenditure of N144, 231,183, 800.
The governor explained that recurrent expenditure was N245,797,093,940 and “it was divided into personnel cost, made up of salaries and allowances, as well as pensions and gratuities and stands at N102, 895, 821,010.The balance of N142,901,272,930 is set aside.
“Our revenue consists of recurrent revenue, where government share of FAAC is N196,778, 975,180 and Independent Revenue is N109, 870, 932, 830. Other receipts from development partners are N53,377,244,610.
“It is to be noted, that we shall continue to place great emphasis on capital projects for the benefit of our people and social-economic development of our dear state, the statement added.
Adeleke explained that his administration had made significant progress in the implementation of the state agenda in the current fiscal year, saying that “our government has ensured implementation of state objectives as contained in the current budget and the five point agenda.
“Our administration recorded unprecedented progress across the sectors which will be unveiled in detail during the midterm anniversary holding for a week later this month,” he added.
