Governor Biodun Oyebanji of Ekiti State took a significant step on Wednesday by officially endorsing the 2024 appropriation Bill. In doing so, he conveyed a firm commitment to executing the budget, aligning with his administration’s overarching goal of achieving shared prosperity.
The 2024 Appropriation, labeled as the “Budget of Sustainable Growth and Development,” was formally presented to Governor Oyebanji in the Exco Chamber of the Governor’s Office, Ado Ekiti. Speaker Adeoye Aribasoye and other key legislative figures handed over the budget, marking a pivotal moment in the fiscal planning process.
The financial framework for 2024 outlines a total estimate of N159,572,481,915.51. Notably, 56% of this allocation is designated for Recurrent Expenditure, while the remaining 44% is earmarked for Capital Expenditure. This strategic distribution reflects a focused approach toward sustaining operational needs and driving essential developmental projects throughout the state.
Speaking while signing the budget, Governor Oyebanji reiterated his administration’s determination to ensure that the budget is fully implemented to drive sustainable growth and improve the standard of living for the people of Ekiti State.
He said the budget is expected to stimulate economic activities, create job opportunities, and enhance the overall socio-economic landscape of the State as well as assist his government to deliver on its campaign promises and fulfill its obligation to the people.
While thanking the Speaker and Members of the House of Assembly for their thorough review of the budget and preparation of the final budget, the Governor said the Assembly has proven to be a reliable partner in the development agenda of the state.
“I am so impressed with the quality of debate and scrutiny put in place by the members of the house of assembly.
“Mr. Speaker, I have listened to you on the need to be committed to implementing this budget, in partnership with the House of Assembly through your oversight, we will ensure that we implement this budget to the letter because the only way we can actually incentivize our people and deliver on our promise is to implement the budget,” the Governor declared.
Earlier in his remarks, the Speaker of the Ekiti State House of Assembly, Rt. Hon. Adeoye Aribasoye said after the House had painstakingly deliberated and scrutinized the budget, it realized that the budget aligns with the priorities of the people.
Aribasoye said the House was very impressed with the presentation of the budget that was well structured to meet the yeaning’s and aspiration of Ekiti people.
He maintained that the House of Assembly would continue to collaborate with the Executive arm of government for the overall interest and development of the State.
The budget signing was also witnessed by the Deputy Governor, Chief (Monisade Afuye), members of the state House of Assembly, and the state executive council.
