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Fayemi presents N124.7b budget estimate to Ekiti Assembly

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Ekiti State Governor Kayode Fayemi has presented the 2020 Appropriation Bill of N124, 724,869,355.95 to the House of Assembly. The bill, which is christened ‘Budget of Deliverables’, has N53,538,093,806.59 (43 per cent) as capital expenditure, while the recurrent expenditure is N71,186,775,549.36 (57 per cent).

Fayemi said the budget was tailored after his administration’s five-pillar agenda for development, which is aimed at enhancing good governance and speedy economic transformation of the State.

The breakdown of the budget along the five pillars give Agriculture and Rural Development N3,677,992,233.29 (three per cent), Knowledge Economy N24,704,934,736.29 (20 per cent); Social Investments N11,188,372,994.37 (nine per cent), Infrastructure and Industrial Development N39,728,043,550.73 (32 per cent), and Governance N45,425,522,841.27 (36 per cent).

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Sherifat Mondiu
November 9, 2019 6:14 am

Thanks for the update

Oghenerukevwe Agbro
November 10, 2019 3:22 am

Oh

Jeremiah Adeliyi
November 10, 2019 5:42 am

Write your comment here…
we hope it better capital taking more than recurrent.

Opatola Ibukun
November 10, 2019 5:16 pm

Thief

YAHAYA SAHEED
November 10, 2019 5:49 pm

THIS IS TOO MUCH FOR THAT SMALL STATE,HOPE NO PROBLEM, BECAUSE THE BILL IS MUCH.

Adefemi Adeusi
November 15, 2019 12:22 am

Thanks to let us know this

Oke Temitope
November 15, 2019 7:42 pm

Bunch of thieves

Eyinade Segun
November 16, 2019 11:56 am

i rest my case

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