Connect with us

News

Oyetola Seeks Downward Review Of 2020 Budget

Published

on

Governor Gboyega Oyetola

Ganiyat Ganiyu 

Governor Gboyega Oyetola of Osun State on Tuesday requested for the downward review of the state’s 2020 Appropriation Bill.

Oyetola in a letter forwarded to the state’s House of Assembly for approval, seeks a reduction in the budget from N119.55 billion to N82.22 billion.

The Speaker of the Assembly, Timothy Owoeye, who read the letter at the plenary, said Governor Oyetola explained that the reduction of the budget was due to the impact of COVID-19 on FAAC allocation and internally generated revenue, IGR.

READ ALSO: NLC Wants Downward Review Of Petroleum Pump Price

In the letter titled: “2020 Amended Appropriation Bill,” Oyetola said the pandemic had affected the state’s revenue generation variables, adding that was why the state 2020 Appropriation Bill was reviewed downward.

He said that N9.4 billion of the revised budget amendment would be dedicated to fighting COVID-19 in the state.

Facebook Comments

Copyright © 2020 AN24.net