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  • News - South West - Osun
  • Updated: November 23, 2022

Osun Assembly Passes 2023 Budget

The Osun State House of Assembly has on Wednesday passed the 2023 budget estimate of N138 billion.

This was made known in a statement by Kunle Alabi, the Chief Press Secretary to the Osun House of Assembly Speaker, and obtained by AllNews on Wednesday.

The 2023 budget estimate tagged; “Budget of Consolidation” by the State Governor Adegboyega Oyetola was presented through a letter dated September 29, 2022, to the Assembly totalling N136,265,988.140 billion.

The Osun parliament had swung into action on the 2023 budget estimate due to its public importance to meet with the budget circle of the particular fiscal year.

The Budget estimate however was jerked up with 2 billion Naira to allow for the accommodation of the take off of the newly established University of Ilesa, thus making the total of N138,265,988,140.

The passed budget has Personnel Expenditure at N45,450,655,060, Recurrent Expenditure, N53,755,885,370 while the total recurrent stands at N99,206,540,430, Capital Expenditure, N39,059,447,710 making the total budget size, N138,265,988,140. 

The Speaker, Timothy Owoeye at the Wednesday plenary commended the state governor for meeting up with the January-December budget cycle, making it a reality and putting Osun on an enviable pedestal in the country as regards state budgeting.

"I sincerely thanked my colleagues for their desire to take the State forward. As far as this state is concerned, we are good to go in the year 2023.

"The January-December budget cycle is rightly put in place in the state of Osun, our state is the first to do so in the country, I congratulate my colleagues for being dutiful and upright, anytime from now the Governor can put his signature, thus assenting to the 2023 budget."

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