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Oyo State Assembly Launches 2024 Budget Defense for N434.2 Billion with Focus on Economic Recovery

riyi by riyi
December 13, 2023
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Oyo State Assembly Launches 2024 Budget Defense for N434.2 Billion with Focus on Economic Recovery
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Following Governor Engr. Seyi Makinde’s presentation of the N434,221,765,938.79 budget for 2023, the Oyo State House of Assembly launches budget defense sessions.

Hon. Sunkanmi Babalola, Chairman of the Finance Committee, stresses the Assembly’s commitment to collaborative efforts with the Executive for successful implementation.

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Babalola affirms the thorough scrutiny of over 30 Ministries, Departments, and Agencies since the exercise began on November 7, 2023.

He highlights the Assembly’s dedication to ensuring the 2024 fiscal year surpasses the outgoing one, emphasizing a holistic approach to the ongoing budget defense.

The Chairman assures that rigorous checks and adequate monitoring will be in place for all MDAs to achieve the administration’s goals. He commends Governor Makinde for his visionary leadership and commitment to a pragmatic budgeting system in the state.

Vice Chairman Hon. Gbenga Oyekola emphasizes the collaboration between MDAs and the Assembly’s relevant committees for effective fund utilization.

He dispels media insinuations about the feasibility of the 2024 budget, declaring it achievable and realistic with good performances.

Oyekola underscores the vital role committees play in aiding MDAs’ day-to-day activities, urging cooperation to ensure effective oversight.

He dismisses notions that committees are solely seeking funds during oversight, emphasizing their potential to raise motions and resolutions for executive action.

In conclusion, the lawmakers call on MDAs to reciprocate the administration’s goodwill by fulfilling their responsibilities effectively in line with the proposed 2024 budget.

Source: InsideOyo
Tags: BudgetOyo State
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