By Sulaimon Sheriff
Oyo State Governor, Seyi Makinde, on Friday, signed the 2024 Appropriation Bill of four hundred and thirty-eight billion, four hundred and forty-seven million, eight hundred and seventy-eight thousand, five hundred forty-eight naira, thirty-nine kobo (N438,447,878,548.39) into law. Newsbreaknaija reports.
The budget signing took place on Friday December 22 at the Governor’s Executive chamber, Agodi, Secretariat, Ibadan.
In his brief remarks shortly before assenting the budget, Makinde commended the state legislative arm for their legislative scrutiny and accelerated approval.
He explained that the budget preparation took keen consideration of some of the current economic realities regarding the fuel subsidy removal and exchange rate challenges.
He however sought for more understanding, support, and cooperation from critical stakeholders particularly labor organizations.
The Governor, who noted that budget performance was not more than 35 percent when he assumed office, said his administration has been able to double the figure and assured that 2024 budget would target 80 percent performance.