Ogun State Governor Ibikunle Amosun presented a N187,901 billion budget for 2012 to the House of Assembly in Abeokuta, the state capital.
The Ogun State 2012 budget, tagged ‘Budget to Rebuild,’ is N65 billion higher than this year’s N124.61 billion budget.
It comprises N99,594 billion (53 per cent) capital expenditure and N88, 306 billion (47 per cent) recurrent expenditure.
Amosun said the Ogun State 2012 budget would be financed by the Internally Generated Revenue (IGR) of N63, 601 billion (47 per cent) and federal allocation of N70.800 billion (53 per cent).
He said 65 per cent of the Ogun State 2012 budget would be spent on his administration’s five point agenda.
They are: affordable education, N41,483 billion (22 per cent); rural and infrastructural development/employment generation, N33, 432 billion (18 per cent); affordable housing and urban renewal, N22,956 billion (12 per cent); efficient healthcare delivery, N15.706 billion (eight per cent) and agriculture production/industrialisation, N8,813 billion (per cent).
Amosun said the education sector got the highest percentage because education is the future of the state.
He said his administration would ensure free and qualitative education in primary and secondary schools and rehabilitate public educational institutions.
Amosun said the government plans to establish five model secondary schools with hostel facilities in the three senatorial districts and provide textbooks in public schools.
He said N24.56 billion has been earmarked for road repairs.
On Industrialisation, the governor said: “My administration will kick-start the process through the implementation of the Industrialisation Master Plan, which is currently being finetuned.
“We will also provide soft loans to micro, small and medium enterprise; establish Technology Incubation Centres in Ogun West and East senatorial districts; and build access roads to the Technology Incubation Centre in Ogun Central.
“Several industrial parks will be created across the state and access roads will be built to link the rural areas with major roads.
“We also plan to build two and three bedroom low income housing units across the state; create a robust real estate market that can deliver development at an accelerated rate; and renovate existing quarters within Ibara Housing Estate.”
Amosun said N2 billion has been set aside for the establishment of a mass transit scheme. This, he said, would ease transportation, if the Federal Government removes petroleum subsidy.
Amosun said he is determined to improve the state’s economy, so that it would not have to depend on federal allocation.
The event was attended by former Governors Olusegun Osoba, Navy Captain Oladeinde Joseph and Maj.-Gen. Oladayo Popoola; former Deputy Governor Rafiu Ogunleye and the governorship candidate of the Peoples Democratic Party (PDP) in the April election, Gen. Adetunji Olurin, among others.
Ogun State budget 2012.