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From Lateef Dada, Osogbo
Osun State House of Assembly has passed the 2025 budget after increasing it from N390,028,277,740,00 to N427,746,925,170.
Chairman, House Committee on Finance and Appropriation, Olumide Fatunmise, yesterday, presented the report of the Finance and Appropriation Committee of the year 2025 proposed budget to the House of Assembly.
He explained the process from the commencement of the budget defence exercise till the last day.
The chairman recommended that the budget should be strictly revenue-driven as proposed and the state government does not have any option but to explore all available means to improve on its internally generated revenue. The recommendation also stated that to ensure value for money in project execution, the state monitoring and evaluation system and the House of Assembly oversight function should be well strengthened and adequately funded.
“That owing to some adjustments/reallocation/redistribution and additions proposed on the draft budget by the state government, the size of the 2025 budget in Osun State has now been shifted from N390, 028, 277,740,00 to N427, 746, 925, 170.” After the presentation, the Speaker, Adewale Egbedun, commended the committee members and fellow lawmakers for their diligent efforts in ensuring a thorough review and timely passage of the bill.
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He emphasised that the budget prioritises key sectors such as education, healthcare, infrastructure, tourism, and security, aiming to achieve meaningful outcomes that will enhance the lives of citizens.
Adoption of the report was moved by Deputy Majority Leader, Adekunle Oladimeji and seconded by Bamidele Lawal representing Osogbo State Constituency.
The Bill, Osun State Appropriation Bill 2025, later passed third reading as moved by Fatunmise.
The speaker said final copies would be produced in due course and sent to the governor for assent.
Also at the plenary, a private member bill sponsored by Adewunmi Adeyemi representing Obokun State constituency was read by the speaker.
