Politics
…to present 2023 supplementary budget to OYHA
THE Oyo State Governor, Seyi Makinde, has approved the promotion of all civil and public servants whose promotions were due in 2022.
In a media briefing today, at the 7th executive council meeting of Omituntun 2.0, the commissioner for Information and Orientation, Prince Dotun Oyelade, said the development is consistent with government policy on workers’ welfare in the past 4 years.
The commissioner for Information and Orientation recalled that the Seyi Makinde-led administration conducted the 2017-2021 promotion exercises.
For the 2022 exercise, the Governor has given approval for the conduct of the promotion of 7, 276 civil servants.
Also, Prof. Musibau Babatunde,
the commissioner for Budget and Economic Planning, said Exco approved the realignment of the 2023 supplementary budget, to be presented to the Oyo State House of Assembly for approval.
He said the decision was necessitated by the twin economic policy of subsidy removal and the unification of exchange rate has led to some shifts in macro-economic fundamentals in the state, in respect to inflation, exchange and interest rates.
The commissioner said the Oyo State Government took into decision certain projects that are going on, overridden by costs.
He added that requests by MDAs on the need to situate their current budget performance in the context of the shift in macroeconomic fundamentals.
Babatunde said the increment in the 2023 budget size is from N310,432,500,000.00 to N352,382,500,000.00.
The commissioner also said idle funds in some MDAs have been realigned in line with the current economic realities.
He said the Oyo State Government is currently negotiating with the Nigeria Labour Congress, and decisions taken from the meeting will be included in the realigned supplementary budget.
The commissioner said medium term expenditure framework (2024-2026) on which the 2024 budget will be premised has been approved by the Exco.
The approved figure for this is N424,410,611,938.00.
This is an increase of the sum of N69,237,658,025.00, which represents 19.49% over the 2023 pre-empted figure of N355,172,953,913.00.
He said the current realigned budget of N352,382,500,000.00 mirrors the Oyo State Government’s projection perfectly, for year 2023.
“We expect the Medium Term Expenditure Framework to be a good guide for the fiscal balance of the year 2024 budget”
Prof. Babatunde added that the Executive council meeting approved implementation of the Oyo State Social Protection Document, developed in conjunction with UNICEF.
He said the implementation department, which will be supervised by his office, with the support of relevant agencies, will reduce the challenges of poverty incidents in the state.
A.
-October 17, 2023 @ 21:12 GMT |
Tags: Prince Dotun Oyelade Seyi Makinde UNICEF.
