Fayemi presents 2019 budget

Fayemi presents 2019 budget

The Governor of Ekiti State, Dr Kayode Fayemi, on Friday presented a sum of N129.924, 472,135.01 appropriation bill before the State House of Assembly for passage.

The budget composed of N57, 214, 891, 758.72 for capital expenditure and N72, 709, 580 , 376.29 as recurrent expenditure .

The budget tagged: Budget of Restoration’ was presented before the Speaker, Hon Adeniran Alagbada and other members of the Assembly for passage. Adeola Aderibigbe reports.

The Assembly complex witnessed a frenzied mood, as party leaders and loyalists of the Governor thronged the premises of the legislative building to give support .

In the proposal, infrastructure takes the largest share and will gulp a sum of N40, 122, 788, 579. 83 while a total of N33, 393, 440, 901.80 was earmarked for social investment drives.

Fayemi praised the assembly for their commitment to the State, saying the objective of the budget estimate is to drive the four cardinal objective of his administration, anchored on; Knowledge economy, social investment, infrastructure and Human capital development and Agriculture and Rural Development.

He said the budget was judiciously tailored towards good governance and speedy economic recovery for Ekiti state and its people.

Earlier, the Speaker of the State House of Assembly, Ebenezer Alagbada said the task of rebuilding Ekiti to a model State requires the services and collaboration of the three arms of government, assuring that never again shall the State House of Assembly engage the executive in battle of wit and control.

Alagbada said the political events of the recent time had made Ekiti a laughing stock in the comity of states, saying the state stands a chance of recovering fast with Dr Fayemi, an accomplished scholar, in the saddle of governance.

He assured that the budget proposal shall be granted expeditious passage in the overall interest of the State.


Report by Adeola Aderibigbe


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