Fayemi presents N129.9bn 2019 appropriation bill
Ekiti State Governor, Dr. Kayode Fayemi, has presented a N129.924billion appropriation bill before the State House of Assembly for passage. The budget proposal is made up of N57,214,891,758.72 capital expenditure and N72,709,580,376.29 as recurrent expenditure.
Presenting the budget tagged ‘Budget of Restoration’ before the assembly, Fayemi said infrastructure will gulp a sum of N40,122,788,579.83 while a total of N33,393,440,901.80 was earmarked for social investment.
Fayemi praised the assembly for its commitment to the state, saying the cardinal objective of the budget estimate was to drive the four cardinal objectives of his administration, anchored on knowledge economy, social investment, infrastructure and human capital development and agriculture and rural development.
Earlier, the Speaker Hon Adeniran Alagbada, said the task of rebuilding Ekiti to a model required the services and collaboration of the three arms of government, assuring that never again shall the legislature engage the executive in battle of control.