Governor Ademola Adeleke of Osun State recently presented the 2024 draft budget, themed “Budget of Reconstruction and Recovery,” before the esteemed members of the Osun State House of Assembly. His speech encapsulated the essence, the fiscal framework, and the aspirations of the state for the upcoming fiscal year.

The address commenced with an acknowledgment of the existing legislative requirement mandating the presentation of the state’s draft budget for approval before the year-end, expressing gratitude to the Honourable Speaker and the assembly members for their cooperation and collective effort in steering the state towards progress and success.

The Governor emphasized the pivotal role played by the House in achieving the state’s milestones, attributing the successes to the support and cooperation received from the legislative body. Expressing gratitude on behalf of the Executive Arm, Governor Adeleke conveyed a hopeful expectation for continued support in the forthcoming years.

The core highlight of the speech was the unveiling of the 2024 draft budget figures, totaling Two Hundred and Seventy-Three Billion, Nine Hundred and Eight Million, Nine Hundred and Ninety-Seven Thousand, Four Hundred and Ten Naira (N273,908,997,410.00). This allocation was further broken down into recurrent expenditure amounting to One Hundred and Sixty-Five Billion, Six Hundred and Fifty-Four Million, Nine Hundred and Seventy-Six Thousand, Seven Hundred Naira (N165,654,976,700.00), and capital expenditure reaching One Hundred and Eight Billion, Two Hundred and Fifty-Four Million, Twenty Thousand, Seven Hundred and Ten Naira (N108,254,020,710.00).

The Governor elucidated that the chosen title of “Budget of Reconstruction and Recovery” reflects the current priority of rejuvenating the state from inherited challenges and symbolizes a targeted effort towards a successful revitalization of all sectors within Osun. Governor Adeleke assured the assembly members of the Executive Arm’s determination and commitment to achieving the outlined budgetary objectives upon the passage of the proposal into the Appropriation Act.

In conclusion, Governor Ademola Adeleke emphasized the importance of collaborative efforts between the executive and legislative branches, expressing a firm belief in such a partnership for the development and transformation of Osun State. The speech concluded with gratitude to the audience for their attention.

This budget presentation underlines the strategic roadmap for Osun State, marking a commitment towards recovery, reconstruction, and progress, indicative of the government’s objectives and intentions for the fiscal year ahead.