Home News Amosun Presents 200bn 2016 Budget Proposal, Rejects Call For N18, 000 Minimum Wage Reduction
Amosun Presents 200bn 2016 Budget Proposal, Rejects Call For N18, 000 Minimum Wage Reduction

Amosun Presents 200bn 2016 Budget Proposal, Rejects Call For N18, 000 Minimum Wage Reduction

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IBIKUNLE-AMOSUNGovernor of Ogun state, Senator Ibikunle Amosun has presented the 2016 budget proposal before the House of Assembly.

The governor presented a budget estimate of N200.3b for the 2016 appropriation year.

In his speech at the 2016 appropriation bill presentation, Amosun also rejected calls by his colleagues for the reduction of the N18, 000 minimum wage, saying he would not be a party to such moves.

The budget christened “Budget of Optimization”, according to the governor, would have 108b or 59% of the total budget from the Internally Generated Revenue (IGR) and expected N42b from the Federation Account.

Mr. Amosun pointed out that the budget had a reduction of about 4.9% from the 2015 budget of N210b, with capital project expenditure expected to gulp about 99b, while recurrent expenditure would have N100,962,975,409b representing 50.4% of the total budget.

A sectoral breakdown of the budget indicated that education, health, agriculture and housing would have 41.1b (20.06%), 14.3b (7.13%), 10.2b (5.08%) and 26.5b (13.27%) respectively.

Others include Rural and Employment Generation 31.04b (15.5%) and others, which included infrastructural development has 77.97b or 38.93%.

In his remarks, Speaker of the House, Suraj Adekunmbi, assured that lawmakers would give the bill accelerated response, adding that the people of the state should support the administration, Governor Amosun meant well for the state.

 

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