Four days after the inauguration of a new governor, the Osun State Legislative Assembly on Wednesday approved the state budget for 2023.
The N138.2 billion allocation bill was introduced to lawmakers by outgoing Governor Gboyega Oyetola, whose term ends on Sunday.
My Oyetola, which is from Congress of all progressives (APC), will hand over Ademola Adeleke of the Peoples’ Democratic Party (PDP) on Sunday after losing her candidacy for a second term.
The budget which has staff costs of N45,450,655,060, recurrent costs of N53,755,885,370 and capital costs of N39,059,447,710 was submitted to the Assembly through a letter dated 29th September.
Dubbed the “Consolidation Budget” by the governor, the appropriation bill was signed into law in Wednesday’s plenary session of the House.
By the development, Osun State becomes the first state in Nigeria to pass the 2023 budget.
Initially, the Governor proposed to the Assembly a total budget of 136.2 billion Naira, but the amount was later increased by 2 billion Naira.
The increase, according to the governor and lawmakers, will be used to start operations at the newly established University of Ilesa, bringing the total to N138.2 billion.
Timothy Owoeye, Speaker of the Assembly, after the bill passed, praised the state governor for making judicious use of previous budgets.
Mr. Owoeye also praised his House colleagues for their efforts in considering the budget.
“I sincerely thanked my colleagues for their desire to move the State forward. As far as this state is concerned, we are ready to go in the year 2023,” he said.
“The January-December budget cycle is correctly launched in the state of Osun, our state is the first to do so in the country. I congratulate my colleagues on their duty and rectitude, ”he added.
The Speaker urged the governor to sanction the budget.
“At any time from now, the Governor can put his signature, consenting to the 2023 budget.”
Ademola Adeleke, the state’s governor-elect, will be sworn in on Sunday.
However, Oladele Oluwabamiji, Osun PDP’s Director of Media and Publicity, said that when Mr. Adeleke resumes his role, the budget will be reviewed and modified.
“We want to assume now that they are only performing their constitutional duties as state members of parliament,” he said.
“In Nigeria and around the world, the passage of the bill is not the end of the road. When a new administration comes in on Sunday, we will see where amendments are needed and we will do so,” Mr. Oluwabamiji added.
“For now, we will give it to them. We have told our people to stay calm, everyone must respect the law. When we get there we’ll see what happened. Assignment is subject to review. When amends need to be made, I’m sure it will be done.”