Oyebanji inks a N113.6 billion 2023 Ekiti budget

A mere 24 hours after the House of Assembly passed the 2023 Appropriation Bill, Mr. Biodun Oyebanji, the governor of Ekiti State, signed it into law yesterday.

On November 2, 2022, the governor presented the parliamentarians with the N113.6 billion budget, which included N79.5 billion (70%) for capital projects and N34.1 billion (30%) for recurring expenses.

Oyebanji said that the 2023 budget, the government’s first fiscal document, had been meticulously created following proper engagement with essential stakeholders in order to build a solid basis for the administration.

He claims that the “Budget of Strong Beginning” for 2023 is his constitutional duty as governor of Ekiti. According to him, “Our budget has completely accepted the national charter of account template, which is a necessity for the state budgetary transparency, sustainability program of results, and now the state’s action on business-enabling World Bank reforms.”

According to Oyebanji, the budget was created to provide a solid basis for the government while capitalizing on its predecessor’s successes.

“Public members of the public will be provided with the breakdown of the 2023 budget of strong beginning, which I just signed into law,” he continued.

Olubunmi Adelugba, speaker of the House of Assembly, said that the governor’s first budget was in fact a solid beginning, led by the fiscal policy and strategic emphasis as defined in the administration’s six pillars.

Adelugba, who stressed the importance of implementation, also indicated that the house had no doubt that the administration will follow through on it exactly.