Gov Adeleke Not Borrowing To Finance N273.9b 2024 Budget – Commissioner

 • As Capital Takes Over N109.8b

The Commissioner of Budget and Economic Planning, Morufu Ademola Adeleke, has assured that the 2024 budget N273.9 billion signed by Governor Ademola Adeleke will not be based on loan for financing.

Adeleke who disclosed this on Wednesday while addressing journalists in Abere on this year’s budget, said it has taken care of debt commitment of previous administration in term of debt services as well as pension and gratuity.

Analyzing the budget in details the commissioner said over 60 per cent, a total of N164.06 billion has been budgeted for recurrent.

The commissioner explained that Governor Adeleke who is determined to move Osun out from being a civil servants state to agro industrial based state budgeted 40 per cent, a total of N109,8 billion for capital.

“The claim that N11 billion was budgeted for the offices of the governor and that of the SSG, for meals and entertainment is a blatant lie. It is not correct in any way.

“The office of the governor comprises about seven different agencies like the office of the Deputy Governor, the office of the Chief of Staff, the Bureau of General Services, Bureaus of Government House and Protocol, Bureau of Parastatals. All these sub-agencies are referred to as the office of the governor. That is the entire conglomerate of the office of the governor that was allocated about N8 billion for total recurrent out of which only N600 million is for meals and entertainment.

“Office of the SSG has a total recurrent of about N3billion, it got about N102million for meals and entertainment. It is that amount that was added to N8 billion to make N11billion that they claimed.

“Overall, salary/wages take N45,817,225,280 (16.73 percent); pension/gratuity takes N36,544,677,720 (13.34 per cent) making N82,361,903,000, (30.07 per cent), other recurrent expenditure includes overhead, which takes N54,020,730,880 (19.72 per cent),” he said.

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