2020 Revised Budget: Ogun Lawmakers Engage Finance Commissioner, As Bill Scales Second Reading

Ogun State House of Assembly has played host to the State Commissioner for Finance, Mr. Dapo Okubadejo preparatory to the consideration for the passage of the 2020 revised budget, which was reduced from N450bn to N280bn, resulting in 38% decrease recently forwarded to it by the State Governor, Prince Dapo Abiodun.

The Assembly also passed a resolution to amend the State Traffic and Enforcement  (TRACE) (Amendment), 2007 in view of the need to address the high rate of road accidents in the State.

Addressing the Lawmakers Commissioner for Finance Dapo Okubadejo outlined the steps by the present administration towards the implementation of the economic blueprint for the post Covid-19 period to further developments in all parts of the State including, reduction in the budget size of some sectors and agencies in line with the global socio-economic challenges posed by the pandemic .

The step, according to him was in line with the Federal Government’s resolve to also slash its budget and revenue projections in line with new economic realities and shortfall in oil prices in the global market.

While fielding questions from the the lawmakers including the the Speaker Rt. Hon. Olakunle Oluomo, Okuboyejo ascribed the adjustment in the 2020 Appropriation Law to the ravaging pandemic, saying it has caused a downfall in the nation’s economic index including the gross domestic product  (GDP).

 

The Assembly therefore passed the second Reading of the bill Year 2020 Appropriation (Amendment) Law, 2020 for shortly after the Chairman, House Committee on Finance and Appropriation Hon.  Kunle Sobukanla who moved a motion for its second reading, seconded  by Hon. Solomon Osho and supported by the Whole House through a voice vote. The action, according to the Assembly was based on the earlier engagements with the State Commissioner for  Finance on the rationale behind the proposed  reduction in the 2020 budget .

Responding, Speaker Olakunle Oluomo, while committing the bill to the House Committee on Finance and Appropriation, underscored the need to speed up the process of redesigning land title for the people to allow property owners enjoy the benefits of holding title documents for all economic or business dealings.

The Assembly also passed a resolution to amend the State Traffic and Enforcement  (TRACE) (Amendment), 2007 in view of the need to address the high rate of road accidents in the State.

 

The passage of the resolution followed a motion moved by a member representing Odeda State Constituency, Hon. Oludaisi Elemide, seconded by Hon. Haruna Wahab and supported by entire the lawmakers through a voice vote.