Governor Ibikunle Amosun of Ogun on Tuesday presented to the state House of Assembly a budget of N345.4 billion for 2018. Christened, “Budget of Accelerated Development’’, Amosun said the figure represents an increase of 57 per cent over the N221.12 billion budgeted for 2017. He said that the proposal was made up of N223.72 billion capital expenditure, representing 64.77 per cent and capital expenditure of N121.69 billion, representing 35.23 per cent. Amosun said the budget would be funded largely through IGR. Amosun said that affordable housing and urban renewal would gulp N45.733 billion, health care delivery, N21.199 billion and agricultural production/industrialisation, N21.137 billion.

Source: The Guardian November 21, 2017 14:15 UTC