The Osun House of Assembly has increased the 2018 budget estimate of the state by N2.4 billion.
Mr Kamil Oyedele, the House Committee Chairman on Finance and Appropriation, disclosed this while presenting the committee’s reports at the plenary on Monday in Osogbo.
Oyedele said that the budget estimate was increased from the original sum of N173.9 billion presented by Gov. Rauf Aregbesola to the Assembly on Dec. 28, 2017 to N176.4 billion.
He said that 51.2 per cent would go for capital expenditure, while 48.9 would be spent on recurrent expenditure.
Oyedele, however, called on government revenue agencies to double their efforts in the area of internally generated revenue to boost the implementation of the budget.
The budget report was adopted by the House through a motion moved by the Majority, Timothy Owoeye (Ilesa East). and seconded by Mr Abiodun Awolola (Egbedore).
Mr Najeem Salaam, the Speaker, commended the committee for a job well done.
Salaam directed that all the recommendations in the report should be forwarded to government agencies as guidelines for budget implementation. NAN