Governor Ambode presents 2017 budget proposal.

Image result for AKINWUNMI AMBODE IS PICTURE

Governor Akinwunmi Ambode today presented the twenty-seventeen budget proposal of eight hundred and twelve point nine nine eight billion naira to the State House of Assembly for approval.

The Governor who tagged the budget, Golden Jubilee Budget, said it would promote massive investment in security, transport, road construction physical and social infrastructural development.

He said the recurrent expenditure stood at three hundred billion naira while the capital expenditures stood at five hundred and twelve point four-six billion naira.

According to him, the State has maintained the conservative approach in estimating Federal Allocation due to fallen oil prices, an increase in Federal Allocation is however expected through the thirteen per cent derivation from oil and gas in twenty-seventeen Budget, adding that the income would be paid starting from December.

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Published by: OJOBORUN TOSIN JOSEPH

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