Abiodun presents 2024 budget estimate of N703bn to Ogun Assembly

The Ogun State Governor, Dapo Abiodun, on Thursday, presented the 2024 budget estimate of N703.028 billion to the State House of Assembly for approval.

In his address at the event, Abiodun said N415.66 billion was set aside as capital expenditure and N287.37 billion for recurrent spending in the appropriation bill titled: “Budget of Sustained Growth and Development.”

He said the budget also had N95.05 billion as personnel cost, N105.88 billion as overhead expenses, and N59.09 billion in public debt charge.

READ ALSO: Ogun Assembly passes N472bn 2023 budget

The governor said: “The revenue composition includes Ogun State Internal Revenue Service (OGIRS) with an estimate of N100.81 billion and other Ministries, Departments, and Agencies (MDAs) estimated at N139.73 billion totaling N240.54 billion.”

He added that capital receipts which included internal and external loans as well as grants and aids were projected at N240.24 billion.

He said the infrastructure would gulp N209.122 billion or 30 percent of the budget.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now