Oyo state governor present 2018 bud

The 2018 budget presented by the Governor of Oyo State, Senator Abiola Ajimobi, was a budget of N214.4 billion. The budget was titled "Budget of Consolidation and Economic Growth" and was presented to the Oyo State House of Assembly on December 14, 2017.

The budget was designed to consolidate on the achievements of the previous years and to drive economic growth in the state. It was based on the theme "Consolidation and Economic Growth" and was aimed at promoting sustainable development, improving the standard of living of the people, and creating jobs.

The budget was divided into three main sectors: Recurrent Expenditure, Capital Expenditure, and Debt Service. The Recurrent Expenditure was estimated at N114.4 billion, which represented 53.4% of the total budget. The Capital Expenditure was estimated at N60.4 billion, which represented 28.3% of the total budget. The Debt Service was estimated at N39.6 billion, which represented 18.5% of the total budget.

Some of the key projects and initiatives included in the budget were:

  1. Road construction and rehabilitation: N10.4 billion was allocated for the construction and rehabilitation of roads across the state.
  2. Education: N14.4 billion was allocated for education, including the construction of new schools and the rehabilitation of existing ones.
  3. Healthcare: N6.4 billion was allocated for healthcare, including the construction of new hospitals and the rehabilitation of existing ones.
  4. Agriculture: N4.4 billion was allocated for agriculture, including the provision of inputs and equipment for farmers.
  5. Water and sanitation: N2.4 billion was allocated for water and sanitation, including the provision of potable water and the construction of new water treatment plants.
  6. Infrastructure development: N10.4 billion was allocated for infrastructure development, including the construction of new buildings and the rehabilitation of existing ones.
  7. Security: N2.4 billion was allocated for security, including the provision of equipment and personnel for the state's security agencies.

Overall, the 2018 budget of Oyo State was designed to promote sustainable development, improve the standard of living of the people, and create jobs.