Ogun State Governor, Ibikunle Amosun, has presented the sum of 200.27 billion Naira for the 2016 fiscal year budget before the State House of Assembly.
The bill, which was presented before the House on Tuesday, represents a moderate reduction of 4.7 per cent compared with the budget size of 210 billion Naira in 2015.
Addressing dignitaries at the event held at the State House of Assembly, Governor Amosun said that other areas of focus would remain rural and infrastructural development, affordable housing and urban renewal.
The Governor said that the medium term plans had taken ongoing capital projects across the three senatorial districts into account.
The budget size is expected to have 99.29 billion Naira as the capital expenditure, recurrent expenditure 100.98 billion Naira, personnel cost made up of salaries and allowances 61.34 billion Naira with education taking the largest share of 40.170 billion Naira.
The budget proposal is expected to be financed largely from the Internally Generated Revenue put at 108 billion Naira representing 53.93 per cent of the total budget.