Home » Budget, Ekiti, Headlines, State News » Fayose signs N98.6bn 2018 budget into law

Fayose signs N98.6bn 2018 budget into law

amarudeen Ogundele, Ado Ekiti
Ekiti State Governor, Ayodele Fayose, on Friday signed the N98.6bn 2018 budget into law.
The Ekiti State House of Assembly had on December 19 passed the 2018 budget as presented by the governor.
Signing the budget into law at the Government’s House in Ado Ekiti, the governor commended the assembly for seeing to the early passage of the budget.
“This is the last budget I will sign as governor of Ekiti having done the little God has helped me to do. I commend the assembly for standing by me. It is my prayer that this assembly will continue to grow from strength to strength.
“You have demonstrated responsible leadership. I’m not in doubt record will show you as one of the best assemblies we ever had in the history of Ekiti.”
The 2018 “Budget of Accomplishment” was presented at a packed full plenary presided over by the Speaker Kola Oluwawole on December 5.
The budget is greater than 2017 budget of N93.09bn by 5.5 per cent. The budget consists of N66.4bn recurrent and N32.1bn capital expenditure.
Fayose had said, “The recurrent to capital ratio is 67:33 as against 42:58 in the 2017 fiscal year. This was in consonance with the Fiscal Responsibility Plan which is globally acceptable.
“We have chosen to be sincere and be realistic with our people instead of having a bogus budget that is unrealisable.”
He added that the budget would be financed through federal allocation (33 percent), internally generated revenue (11 percent), Value Added Tax (11 percent), Education Intervention Fund (4 percent) and sundry incomes (12 percent).
He said the budget when passed would help to complete projects under completion.
(Visited 420 times, 4 visits today)

wp_posts

Related Posts

Website Pin Facebook Twitter Myspace Friendfeed Technorati del.icio.us Digg Google StumbleUpon Premium Responsive

Short URL: https://newnigerianpolitics.com/?p=49509

Posted by on Dec 23 2017. Filed under Budget, Ekiti, Headlines, State News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Headlines

Browse National Politics

Featuring Top 5/1399 of National Politics

Subscribe

Read more

Browse Today’s Politics

Featuring Top 5/45 of Today's Politics

Browse NNP Columnists

Featuring Top 10/1566 of NNP Columnists

Browse Africa & World Politics

Featuring Top 5/2392 of Africa & World Politics

Subscribe

Read more

ADVERTISEMENT

Categories

FEATURED VIDEOS

Advertisements

ARCHIVES

December 2024
S M T W T F S
1234567
891011121314
15161718192021
22232425262728
293031  

© 2024 New Nigerian Politics. All Rights Reserved. Log in - Designed by Gabfire Themes