Wale Oyewale, IbadanThe Oyo State Governor, Seyi Makinde, on Monday presented a budget of N266.6bn as the 2021 budget to the state Assembly. While presenting the budget tagged, ‘Budget of continued consolidation’ Makinde announced that 53.2 per cent of the total budget was being proposed for capital expenditure. He said, “The 2021 budget is N12bn above the 2020 budget and this is to further drive a consolidation effort that we started this year. According to him, 21 per cent of the budget, amounting to N56.348 bn, is allocated to education while infrastructure is to gulp N46bn, representing 17.2per cent of the budget. “So, it is pertinent that we appreciate the members of the state House of Assembly for their support.”Copyright PUNCH.

Source: Punch November 24, 2020 04:41 UTC