Oyo Assembly adopts N310.4b budget for 2023

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Yesterday, the Oyo State House of Assembly passed the N310.4 billion appropriations bill into law.

During yesterday’s plenary session, the Assembly passed the bill, along with the Finance and Appropriations bills 2023, into law.

Capital expenditure is N154, 755, 366, 965.62, while recurrent expenditure is N155, 677, 133, 034.38.

Of the total expenditure, the sum of N13, 490, 413, 715.00 was appropriated for the Office of the Governor.

The House, however, received a total appropriation sum of N2, 120, 679, 846.29.

N1 billion each was appropriated for Oke-ogun Polytechnic Saki and Emmanuel Alayande University, Oyo.

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The state Assembly, after receiving the report of the House Committee on Public Account, Finance and Appropriation, chaired by Mr Akeem Mustapha, accepted and passed the Oyo state appropriation bill 2023 into law.