The Governor of Ekiti State, Dr Kayode Fayemi has signed the 2020
Appropriation bill into law.
The governor while signing the budget promised to deliver his
electioneering promises to the people of Ekiti State.
Fayemi said the budget signaled his administration’s focus on
deepening the infrastructure stock required to attract
investments to the State.
He described the budget as a plan aimed at enhancing a speedy economic transformation of the
State.
The governor stated that the signing of the appropriation bill into
law has returned the State to its predictable January to December
budget cycle; adding that there’s also a transition from the cash-based
budgeting to International Public Sector Accounting Standard (IPSAS).
“This budget tagged ‘Budget of Deliverables’ is a N124.7 billion plan
focused on enhancing good governance and implementing a speedy
economic transformation of Ekiti State. It signals our focus on
improving and deepening the infrastructure stock, required to attract
investments to our State; targeting agricultural and rural
transformation, enhancing human capital development by improving
access to quality education and healthcare; social investments to
support and protect the poor and vulnerable; and the improvement in
governance systems across the State”, fayemi said.
In his speech, the Speaker of the State House of Assembly, Hon
Funminiyi Afuye said the Assembly painstakingly deliberated on the budget estimate as required by the law.
Afuye said the people’s engagement in the budgeting process as well as
the cordial relationship between the executive and the legislature
made its passage easier.