Osun Assembly today passed the state’s N705 billion 2026 Draft Appropriation Bill for second reading.
It was passed after its policy thrust was read by Mr Adewumi Babajide, the House Majority Leader.
Mr Babajide, while reading the policy thrust, said the increased size of the budget was to cater to the ongoing infrastructural development and other critical projects in the state.
In their contributions, members of the Assembly said the bill was for the economic and infrastructural development of the state and called for its speedy passage.
,Speaker of the Assembly, Mr. Adewale Egbedun aligned with the submissions of his colleagues and promised that the bill would be given the attention it deserved.
Mr. Egbedun noted that, in accordance with Order 95, subsection 5 (b) of the House Standing Orders, the Appropriation Bill would be committed to the House Committee on Finance and Appropriation for scrutiny.
The Speaker instructed the committee to draw up a timetable for the appearance of ministries, departments, and agencies of government for the budget defence.
Mr. Egbedun said the budget defence would run from November 24 to December 4.
It would be recalled that Governor Ademola Adeleke had on Nov. 13, presented the sum of N705 billion before the Assembly.
Governor Adeleke said the budget, christened “Budget of Economic Transformation, was a financial document declaring his administration’s unwavering commitment to improving the lives of every citizen of the state.
The Governor said the budget comprises recurrent expenditure of N317 billion, made up of personnel costs of N135 billion and overhead costs of N182 billion, which represents 45 per cent of the total budget.
Governor Adeleke also said that capital expenditure amounts to ₦388 billion, which is 55 per cent of the total budget.
