2020 BUDGET SPEECH DELIVERED BY GOVERNOR SEYI MAKINDE



2020 BUDGET SPEECH DELIVERED BY HIS EXCELLENCY, SEYI MAKINDE, EXECUTIVE GOVERNOR OF OYO STATE, AT THE OYO STATE HOUSE OF ASSEMBLY ON WEDNESDAY, NOVEMBER 27, 2019

I am here today to present to you the Oyo State Budget Proposal for the 2020 Fiscal Year.

It is a budget that captures the aspirations of the good people of Oyo State.

The farmers in Ido, Ilora, Ijaiye, and Akufo who wake up every morning hoping this is the day their relief will come. When the roads that link their farms to markets will be built and they can make more money for their toil.

The market women and men in Gbagi Titun Market as well as the rural markets in Iresadu and Eruwa, whose hope is that the economy can be buoyant enough so that people can buy from them.
The drivers and conductors on Iwo Road, Ogbomoso, Ipapo and Lalupon who do not want to spend all their takings on bus repairs.

The civil servants at Agodi Secretariat who put in an honest day’s work and just want to get their salaries paid on time so they can care for their families.

The students in public primary, secondary and tertiary institutions who want quality education so they can compete favourably with their counterparts worldwide.

The old, the sick and infirm who want to go to a government hospital and get quality service without paying out of pocket.

The small and medium scale business owners who want an enabling environment for their business to thrive.

The big corporations who set up industries in Oyo State believing that government will play their role in providing a conducive environment for sustainable growth.
It is a budget that every woman, man, and child in Oyo state can relate to and be proud of.

A budget in keeping with our Roadmap for Accelerated Development in Oyo State 2019-2023.
Our budget.

Mr Speaker Sir, Honourable Members, this is the first time I will be coming before you to present and defend a budget that is wholly this administration’s.

The Oyo State Appropriation Review and Finance Bill 2019 was transmitted to this assembly after we had revised the figures of the Oyo State Appropriation Act 2019, so that it can better cater to the needs and the wellbeing of the people of Oyo State.

With the total budget of N285.2Billion and pro rata revenue estimates of N71Billion in quarter one (Q1) 2019, only the sum of N28Billion representing 10.01% of total budget and 38.68% of the pro rata estimate was achieved. Similarly, the expenditure performance at the end of quarter one (Q1) 2019 was N27Billion compared to the prorated sum of N71Billion. This presented a budget performance of 38%. Hence, our administration reduced the total budget size from N285.15Billion to N182.39Billion to make it more in tune with present income and expenditure, representing a reduction of 36% on the average. In specific terms, the budgetary provisions for the office of the Governor and the State House of Assembly were reduced by 40%.

But, as any good manager will tell you, it is better to create your own plan than to repair a defective one. Little wonder that, the last administration’s budget achieved under 40% implementation.


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