Facebook Instagram Linkedin Twitter Youtube
  • HOME
  • News
  • Entertainment
  • Business
  • Sport
  • Opinion
  • QedTV
Search
Sunday, May 11, 2025
Facebook Instagram Linkedin Twitter Youtube
Sign in
Welcome! Log into your account
Forgot your password? Get help
Privacy Policy
Password recovery
Recover your password
A password will be e-mailed to you.
https://i0.wp.com/www.qed.ng/wp-content/uploads/2025/03/728x90.png?ssl=1
  • HOME
  • News
  • Entertainment
  • Business
  • Sport
  • Opinion
  • QedTV
Home News Amosun presents N221bn budget proposal to Ogun Assembly
  • News

Amosun presents N221bn budget proposal to Ogun Assembly

By
Ajani Okanlawon
-
November 23, 2016
Ibikunle Amosun
Amosun

Ogun State Governor, Ibikunle Amosun, on Tuesday presented a total budget of N221.129bn for the 2017 fiscal year to the State House of Assembly.

The budget, which he titled “Budget of Repositioning,” represents an increase of 10.45 per cent compared with the 2016 budget.

Amosun explained that recurrent expenditure will gulp N102.82bn or 46.50 percent of the budget while capital expenditure will gulp N118.306bn or 53.50 percent of the budget.

“Our expenditure consists of capital expenditure of N118.306bn (53.50 percent) and recurrent expenditure of N102.823Billion (46.50 percent),” the governor said.

“Personnel cost, made up of salaries and allowances stands at N62.73 Billion while pension and gratuities account for N11.2Billion which is about for 5.06 percent of total expenditure.

“The balance of N28.89 Billion which accounts for 13.07 percent is set aside for the overhead costs”, the governor added.

He further revealed that the 2017 budget would be financed through internally generated revenue (IGR) and revenue from the Federation Account.

Amosun added that 51.71 percent or N114.34bn of the proposed N221.129bn budget is to be funded through IGR while N41bn or 18 percent is expected from the federation account.

Capital receipts is expected to contribute N65.78bn or 29.75 percent of the budget.

Share this:

  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Tweet

Like this:

Like Loading...
  • TAGS
  • BUDGET
  • FEDERATION ACCOUNT
  • IBIKUNLE AMOSUN
  • IGR
  • OGUN
Previous articleOndo rally: Lalong lied about Tinubu’s illness – Afikuyomi
Next articlePolice recover body of ‘boy’ burnt to death in Lagos
Ajani Okanlawon
Ajani Okanlawon

RELATED ARTICLESMORE FROM AUTHOR

Babatunde Fashola wife Abimbola Fashola
News

Tope Alabi performs as Fashola gathers political, business elite for wife’s 60th birthday

Caleb Mutfwang
News

Plateau generates N3.3bn IGR in January – Official 

Opeyemi Bamidele
News

Bamidele defends subsidy removal, backs 2025 budget

Omolola Odutola
News

Ogun suspends Olorile of Orile-Ifo for assaulting elderly man in viral video

Ibikunle Amosun
News

Amosun stages surprise birthday visit to Buhari in Daura

Bola Tinubu
News

Tinubu moves 2025 budget presentation to Wednesday

LEAVE A REPLY Cancel reply

Log in to leave a comment

ABOUT US
QEDNG is published by Mighty Media Plus Network Limited, a diverse communication company headquartered in Lagos. Our mission is to be one of Nigeria's foremost providers of news and entertainment.
Contact us: info@qed.ng
FOLLOW US
Facebook Instagram Linkedin Twitter Youtube
  • About Us
  • Privacy Policy
  • Advert Rate
  • Contact Us
2025 Mighty Media Plus Network Limited. All Rights Reserved.
MORE STORIES
Nasarawa Governor Tanko Al-Makura

Al-Makura presents N122.8bn budget for 2018

November 29, 2017
Governor Babajide Sanwo-Olu

Sanwo-Olu presents N1.38trn 2022 budget

November 24, 2021
%d
    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok