The Governor Adegboyega Oyetola of Osun State presents a total sum of one hundred and nine billion, eight hundred and fifty-five million, fifty-four thousand, six hundred and forty naira (N109,855,054,640.
00) as 2021 appropriation estimates to the State House of Assembly.
The Governor unveiled plan of his administration for the youth segment of the State’s population christened Youth Empowerment, Youth Engagement, Youth Enterpreneuship and Youth Education (4Es).
Christened Budget of Providence, the Appropriation Bill puts recurrent expenditure at N50,620,283,140.00 representing 46% while capital expenditure was N59,234,768,500.00 representing 54%.
The breakdown of the budget indicated that the education and health sectors got substantial shares as N10,711,328,430.00 representing 18.08 percent was allocated for education sector while health sector received N10,647,909,910.00 representing 17.98 percent.
Similarly, N4,271,461,870.00 representing 7.21 percent was earmarked for infrastructure sector while Water and Sanitation sector got N4,220,446,550.00.
The sum of N3,404,734,560.00 representing 5.75 percent was budgeted for agriculture sector; N1,134,043,200.00 representing 1.91 percent for Commence and Industry sector; N1,515,122,570.00 representing 2.56 percent for Governance and Administration; N173,035,800.00 representing 0.29 percent for Economic Planning and Budget sector; N167,247,560.00 representing 0.28 percent for Environment sector; and N638,460,000.00 representing 1.08 percent for Social Development and Welfare sector.
Also, N1, 487,110,159.00, representing 2 percenThe breakdown of the budget indicated that the education and health sectors got substantial shares as N10,711,328,430.00 representing 18.08 percent was allocated for education sector while health sector received N10,647,909,910.00 representing 17.98 percent.
Similarly, N4,271,461,870.00 representing 7.21 percent was earmarked for infrastructure sector while Water and Sanitation sector got N4,220,446,550.00.
The sum of N3,404,734,560.00 representing 5.75 percent was budgeted for agriculture sector; N1,134,043,200.00 representing 1.91 percent for Commence and Industry sector; N1,515,122,570.00 representing 2.56 percent for Governance and Administration; N173,035,800.00 representing 0.29 percent for Economic Planning and Budget sector; N167,247,560.00 representing 0.28 percent for Environment sector; and N638,460,000.00 representing 1.08 percent for Social Development and Welfare sector.
Also, N1, 487,110,159.00, representing(2%) of the total budget has been earmarked for youth related activities of the total budget has been earmarked for youth related activities.
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