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    Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

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    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

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Ogun Assembly Passes 2025 Appropriation Bill Of N1.054trn

The Daily Crucible by The Daily Crucible
December 25, 2024
in Business, News
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Ogun Assembly Passes 2025 Appropriation Bill Of N1.054trn

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Ogun State House of Assembly has passed the year 2025 Appropriation Bill of N1, 054 , 542 ,020,147 presented to it by the State Governor, Prince Dapo Abiodun exactly 20 days ago with slight adjustments in the recurrent expenditures of about 21 agencies, just capital expenditures of five agencies were also slightly adjusted alongside the revenue targets of just two agencies.
The passage of the Appropriation Bill on Tuesday, December 24, 2024;followed the presentation of the report of the House Committee on Finance and Appropriation by its Chairman, Hon. Musefiu Lamidi, who thereafter moved the motion for its adoption, seconded by his Deputy, Hon. Wahab Haruna and supported by the Whole House during today’s plenary presided over by Speaker, Oludaisi Elemide, at the Assembly Complex, Oke-Mosan, Abeokuta.
The bill was later read and adopted clause by clause  before the Committee of the whole house, after which the motion for the third reading was moved by the  Majority Leader, Yusuf Sheriff, seconded by the Minority Leader Lukman Adeleye and supported by all the lawmakers through a unanimous voice vote,  while the Clerk/ Head of the Legislative Service, Mr. Sakiru Adebakin read the bill for the third time before the State lawmakers.
The Speaker therefore directed that the  clean copy of the bill be forwarded to the Governor, Prince Dapo Abiodun for his assent.
Some of the agencies that had their budget proposals adjusted included the Ministry of Budget and Planning which had its estimate increased from N1.475bn to N1.902bn giving an increase of N427m; while that of the Ministry of Community Development and Cooperatives was also increased from N1.780bn to N2.499bn giving an increment of N719m.
Others like the State Ministry of Health was jacked up from N3.806bn to N4.116bn, just as the State Teaching Service Commission’s budget proposal moved from N34.412bn to N35.912bn, with that of the State Traffic Compliance and Enforcement Corps ( TRACE) moving from N1.347bn to N1.372bn; while that of the State Hospital, Sokenu Abeokuta also got an addition from N3.208bn to N3.348bn.
Also, Ogun State Security Network  ( Amotekun) had its budget proposal increased from N765m to N 1.575bn ; while that of the States Environment Protection Agency moved from N252m to N262m, just as the State Library Board 2025 budget proposal amongst others was jacked up from N147m to N177m.
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