ECONOMY

Makinde assents to N438.4bn Appropriation Bill for 2024

Published

12 months ago

December 22, 2023

David Adeoye

Gov. Seyi Makinde of Oyo State, on Friday, gave his assent to the N438.4 billion Appropriation Bill for the 2024 fiscal year.

In a brief speech after signing the document at the Executive Chamber of the Government House, Makinde said he would ensure that the budget achieved at least 80 per cent performance.

He solicited the support of the lawmakers and organised labour for the effective implementation of the budget for the financial year.

It was reported that the governor had on December 5 presented N434.2 billion budget proposal, tagged “Budget of Economic Recovery” to the House of Assembly.

It comprised N222.3 billion for capital expenditure and N211.8 billion for recurrent expenditure.

The lawmakers, however, raised the estimate by N4.2 billion, bringing the sum to N438 billion.

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David Adeoye

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