Osun State Governor, Ademola Adeleke on Wednesday presented the 2025 Appropriation Bill of N390 Billion to the Osun State House of Assembly.
The Capital Expenditure of the 2025 appropriation bill is N 144.231 Billion while Recurrent Expenditure is N 245.797 Billion.
While presenting Budget 2025 to the State House of Assembly, Governor Ademola Adeleke described his administration as an agent of development that has positively touched all sectors of Osun society within just two years in Office.
The Governor noted that “the total size of the Budget 2025 is Three Hundred and Ninety Billion, Twenty Eight Million, Two Hundred and Seventy Seven Thousand, Seven Hundred and Forty Naira Only (390,028,277,740.00).
“The expenditure comprises Capital Expenditure of One Hundred and Forty-Four Billion, Two Hundred and Thirty-One Million, One Hundred and Eighty-Three Thousand, Eight Hundred Naira (N144,231,183,800.00), Recurrent Expenditure of Two Hundred and Forty Five Billion, Seven Hundred and Ninety Seven Million, Ninety Three Thousand, Nine Hundred and Forty Naira Only (N245,797,093,940.00).
“Recurrent Expenditure is divided into Personnel cost, which is made up of salaries and allowances, as well as Pensions and Gratuities and stands at One Hundred and Two Billion, Eight Hundred and Ninety Five Million, Eight Hundred and Twenty One Thousand, Ten Naira Only( ₦102,895,821,010.00). The balance of One Hundred and Forty Two Billion, Nine Hundred and One Million, Two Hundred and Seventy Two Thousand, Nine Hundred and Thirty Naira Only( ₦142,901,272,930.00 ) is set aside.
“Our Revenue consists of Recurrent Revenue, where Government share of FAAC is One Hundred and Ninety Six billion, Seven Hundred and Seventy Eight Million, Nine Hundred and Seventy Five Thousand, One Hundred and Eight Naira Only (₦ 196,778,975,180.00 and Independent Revenue is One Hundred and Nine Billion, Eight Hundred and Seventy Million, Nine Hundred and Thirty Two Thousand, Eight Hundred and Thirty Naira Only (₦109,870,932,830.00). Other receipts from development partners are Fifty Three Billion, Three Hundred and Seventy Seven Million, Two Hundred and Forty Four Thousand, Six Hundred and Ten Naira Only (₦53,377,244,610.00)”, the Governor noted in his speech.
Governor Adeleke affirmed that his administration has recorded unprecedented progress across the sectors which will be unveiled in details during the midterm anniversary holding for a week later this month, submitting a synopsis to the Assembly.
According to the Governor, “our administration has reduced rural Health Access gap by 40% through rehabilitation of over two hundred Primary healthcare centers; We have increased health care access to all pensioners from less than 10% to 90% within 2 years;
“We closed road infrastructure gap and deficit by 50% from 80%; We took agric mechanization from 0% to 35%; We built digital economy policy structures from 0% to 55%; We built public service integrity from 25% to almost 70%;
“We expanded local content from 0% to 75%; We built climate agenda from 0% to over 70%; We raised state financial support for cooperative societies from 0% to 66%; We expanded financial support to ward cooperative societies from 0% to over 60%;
“We built Ilesa University from 15% to over 90%; We redeveloped Odeomu Cooperative College to HND institution; We increased Osun Google coverage from 20% to 65%; We launched phased bursary award from 0% to 40%; We liquidated 40% of inherited salary debt;
“We paid up over 35% of inherited pension debt; We improved School infrastructure by over 40 percent; We enhanced rural Infrastructure by over 40 percent with over 300 completed rural projects”, the Governor affirmed, adding that “Osun State has not taken any loan (External or Domestic).
“We rely solely on the prudent management of available resources to meet the yearnings and aspirations of the good people of Osun State. This is our goal and with God on our side we will not derail”, the Governor told the lawmakers.
