The Ogun State Governor, Ibikunle Amosun, has signed the 2017 budget of 221 billion Naira tagged “Budget of Repositioning” into law.
Flanked by the Speaker of the state House of Assembly, Mr Suraj Adekunbi and some members of the state executive council, the Governor promised to implement the contents of the budget to the fullest, despite the current financial challenges in the country.
The budget outlook puts capital expenditure at 118 billion Naira, representing 53.5% while the recurrent expenditure stands at 102 billion Naira, representing 46.5% of the total budget.
Education, infrastructural development, rural development and others are expected to take the pride of place in the budget.
The Minister of Agriculture and Rural Development, Mr Audu Ogbeh, has blamed the poor run of Nigeria’s economy on the Structural Adjustment Programme (SAP) introduced by former Head of State, General Ibrahim Babangida.
Mr Ogbe disclosed this during an exclusive interview with Channels Television in Otukpo, Benue State, at the flag off of the All Progressives Congress (APC) Benue South Senatorial re-run election campaign for its candidate, Mr Daniel Onjeh.
The Agric and Rural Development Minister, who blamed Nigeria’s over-reliance on crude oil, claimed that the Structural Adjustment Programme pointed Nigerians in the wrong direction.
He advised Nigerian youths to take advantage of the oil crisis in other to diversify into Agriculture and non-oil sectors.
Ogbeh also expressed concern over the high rate of unemployment among Nigerian youths with the advice that they take up opportunities being created in the agric-sector, in other to earn themselves legitimate sources of livelihood.