Dapo Abiodun, the Governor of Ogun State, has stated that the 2023 budget is more important than previous ones in the state.
According to Abiodun, the state requires a holistic constitution of the people’s needs in the 2023 budget, as well as judicious application of the limited resources to areas that bear on the welfare of the citizenry.
He did, however, state that 203 inputs, representing 95% of demands made at citizens’ town hall meetings held across the state’s four divisions, have been incorporated into the budget proposal for the year 2023.
This was stated by Abiodun at the Treasury Board meeting on Wednesday at the Obas’ Complex in Oke-Mosan, Abeokuta.
He posited that the Town Hall Meetings, apart from being avenues to reach out to more citizens in harnessing their inputs into the 2023 budget.
He said the Town Hall meeting also served as an important aspect of his administration’s inclusive governance in budget preparation.
Abiodun further explained that the Medium Term Expenditure Framework was not meant to produce a budget, but how to develop good policies through the retooling of the budget.
He said, “it is important to think of each stage of the budget process in terms of roles in developing and implementing the state policies.
“It is imperative that adequate funds are located in areas that would have a direct impact on the socio-economic well-being of the people.
“The 2023 budget is more important than the previous ones in the state. It requires a holistic constitution of the people’s needs and judicious application of the limited resources to areas that bear on the welfare of the citizenry.”
The governor, however, promised that his administration would work to sustain all the developmental projects spread across the state that have a significant impact on the people, while all the ongoing projects would be given the desired attention towards completion.
Abiodun stated that his administration had introduced the Medium Term Revenue Strategy, which is an improvement from the traditional expenditure to a revenue-driven budget by identifying and working on the major revenue-generating agencies with a view to enhancing and sustaining revenue mobilisation, collection and enforcement.
“An important legacy of this administration is the establishment of best practices in the way of public finance management which we are running. We aimed to consolidate on the global best practices in public financial management reforms that we embark on since 2019”, he pointed out.
The governor maintained that “the state fiscal is based on providing the enabling business environment for private and public sectors partnership through improving the efficiency and effectiveness of key processes including land administration, business registration, construction permit, land titling and the provision of key infrastructure and incentives to attract more investors to the state.”
While assuring that the 2023 budget would be all-embracing, Abiodun submitted that his administration had internalised policies to ensure efficiency and value for government spending as well as maintain an optimal balance in capital and recurrent expenditure in order to achieve microeconomy stability and sustainable development.
In his welcome address, the Commissioner of Budget and Planning, Olaolu Olabimtan, said the state was committed to a better atmosphere for businesses to thrive, while the government would continue to deliver quality services to the people.
He said the Treasury Board meeting was to consider how much is needed, how to raise it, and allocate and account for the funds, urging all stakeholders to be active participants in ensuring a budget that would be people’s friendly.
The Economic Adviser and Commissioner for Finance, Dapo Okuboyejo, in his remarks, said the budget was meant to stimulate the post-COVID-19 state economy by upscaling infrastructure and other sectors that would engender sustainable growth in the state.
Highlights of the meeting are the presentation by heads of ministries, agencies and departments, and their budget estimates for 2023.