Aregbesola Presents N173bn Osun Budget
Osun state governor Rauf Aregbesola is looking at spending N173,980,083,007 in 2018.
‘Ogbeni Raul’, as he is fondly called, presented the budget to the state house of assembly on Thursday.
The budget is N27,347,336,027 more than the sum N146,632,746,980.00 presented for the 2017 fiscal year.
The governor said the 2018 budget will be funded from its expected share of Federation Account – N27bn forming 15.56 per cent, and Value Added Tax N8.8bn (5.10 per cent).
Other sources are Excess Crude Account N77.7bn (0.04 per cent), other revenue from FAAC N5,052.6bn (2.90 per cent), personal and corporate taxes are put at N25.1bn (14.45 per cent) and N9.7bn (5.58 per cent) respectively,
Expected from licences is N1.5bn (0.92 per cent), general fees N20.8bn (11.99 per cent), general earnings N3.6bn (2.55 per cent), rent on government buildings and rent on lands and others at N335.7m (0.19 per cent) and N279m (0.16 per cent) respectively.
Tagged, “Budget of Enduring Legacy”, Aregbesola said the appropriation bill was anchored on the commitment of his administration to provide a conducive living environment for the people.
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