N129.9 Budget of Restoration for Ekiti
The Ekiti State Government has appropriated a sum of
N129,924,472,135.01 to be spent in the 2019 budget christened “Budget
of Restoration”.
The total Budget estimate comprised N57.214billion representing 44%
for capital expenditure while N72.710billion translating to 56% as
recurrent expenditure
The State Commissioner for Finance and Economic Planning, Hon.
Dapo Kolawole made this known while presenting the detailed breakdown
of the Budget to the general public in Ado-Ekiti, the Ekiti State
capital.
The 2019 Budget estimate, according to Kolawole has a sum of
21.39billion bigger than 2018 budget.
Hon. Kolawole, who described the 2019 Budget as an all inclusive
one that will ensure full participation of all segments of the society
such as various communities, members of the State House of Assembly,
Executive Council Members and Accounting Officers in Ministries and
Departments stressed that the current Kayode Fayemi-led administration
has allocated a sum of N2.77billion for various Agricultural and Rural
Development activities.
On small and medium scale industries and poverty alleviation,
Kolawole said a total sum of N3.08billion would be expended, while a
sum of N372.77million would be spent on Tourism, Art and Culture. The
Finance Commissioner added that the administration of Dr. Kayode
Fayemi would focus more on Tourism, Art and Culture in the current
year to attract both local and foreign investors to the state.
Hon. Kolawole, who believed that the achievement of any
government depends so largely on its accomplishment in the area of
production and infrastructural facilities explains these as the reason
why the administration is focusing attention on infrastructural
development that would cut across all the sixteen local government
areas of the state.
The Commissioner however added that a sum of N17.903billion
representing 31% of the total capital estimate had been allocated to
the sector.
While stressing the importance the Kayode Fayemi-led
administration attaches to free flow of water in the state, the
Commissioner said a sum of N600million has been allocated to the State
Water Corporation as its capital expenditure to ensure adequate and
uninterrupted supply of this free gift of nature in all the the
sixteen local government areas of the state.
For effective and regular supply of electricity to all the nooks
and crannies of the state, a sum of N1.38billion was allocated to
Ekiti State Electricity Board to execute electrification projects in
the state.
Emphasizing the great importance of technology as a change agent that
has rapidly turned the entire world into a global village, Mr.
Kolawole said a sum of N350million was allocated to the Bureau of
Information, Communication and Technology in the 2019 fiscal year.
Considering the high regard the administration has for the
social well-being of its people, the administration estimated a sum of
N 12.8b of the total capital estimate to the Social Services sector
which would cover education with a total estimate of N6.689billion;
and health, with N4.522billion estimated for provision of qualitative
health care for the citizenry, and an estimated sum of #170million
appropriated for Information Services.
Hon Kolawole, who stated that a sum N6, 688,966,307.71 will be
set aside for total capital expenditure for the Education Sub-Sector
added that about N4.5billion was allocated to the Health Sector with a
sum of about N 3.2billion allocated to various health related
programmess in the Ministry of Health.
Kolawole further revealed that a sum of
N141million has been earmarked for the State Broadcasting Service.
The commissioner said that a sum of N135million was appropriated
to the Ministry of Youth and Sports Development and N10million would
go to Ekiti State Sports Council.
Expressing the government interest and concern for gender
related matters, the Finance Commissioner said a sum of N751million
has been allocated to the Ministry of Women Affairs, Gender
Empowerment and Social Welfare. He also indicated that the sum of
N56million is allocated to the office specially created for Disability
Affair and a sum of about N3.4million earmarked for the
Environmental Sector.
While appropriating about N1.1billion to the state Ministry of
Lands, Housing and Urban Development for series of its capital
projects; N1billion would be distributed among the State Ministry of
Environment and the Environmental Protection Agency while the State
Emergency and Waste Management Board would gulp about N994million; and
a sum of N17.3billion would go to the Administrative Sector, Hon.
Kolawole indicated that Judiciary would get a sum of N152million.
The Commissioner for Finance and Economic Planning solicited the
cooperation of everyone both at home and in the diaspora to join hands
with the present administration to move the State to its next level of
development.
