The Ondo State Commissioner for Economic Planning and Budget, Mr Emmanuel Igbasan, has broken down the proposed 2020 budget, putting the total revenue at N79.69bn. Igbasan who said that the total expenditure for the proposed budget stands at N82.70bn, with education taking the large chunk. “On the capital side, a total of N80.470bn or 42.84 per cent of the total budget was allocated to capital development. He said the policy bedrock of the budget rests on human capital development, economic revolution, infrastructural expansion, institutional reform and social welfare enhancement. Other policy bedrock of the budget according to Igbasan are culture and tourism development, environmental sustainability and human welfare.

Source: Nigerian Tribune January 08, 2020 17:03 UTC