Ademola Adeleke, Governor of Osun State has presented the state’s budget for the 2025 fiscal year.
This occured on Wednesday (Today) at the State’s House of Assembly, Òṣogbo.
The Governor noted that “the total size of the Budget 2025 is Three Hundred and Ninety Billion, Twenty Eight Million, Two Hundred and Seventy Seven Thousand, Seven Hundred and Forty Naira Only (390,028,277,740.00).
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“The expenditure comprises Capital Expenditure of One Hundred and Forty-Four Billion, Two Hundred and Thirty-One Million, One Hundred and Eighty-Three Thousand, Eight Hundred Naira (N144,231,183,800.00), Recurrent Expenditure of Two Hundred and Forty Five Billion, Seven Hundred and Ninety Seven Million, Ninety Three Thousand, Nine Hundred and Forty Naira Only (N245,797,093,940.00).
“Recurrent Expenditure is divided into Personnel cost, which is made up of salaries and allowances, as well as Pensions and Gratuities and stands at One Hundred and Two Billion, Eight Hundred and Ninety Five Million, Eight Hundred and Twenty One Thousand, Ten Naira Only( ₦102,895,821,010.00). The balance of One Hundred and Forty Two Billion, Nine Hundred and One Million, Two Hundred and Seventy Two Thousand, Nine Hundred and Thirty Naira Only( ₦142,901,272,930.00 ) is set aside.
“Our Revenue consists of Recurrent Revenue, where Government share of FAAC is One Hundred and Ninety Six billion, Seven Hundred and Seventy Eight Million, Nine Hundred and Seventy Five Thousand, One Hundred and Eight Naira Only (₦ 196,778,975,180.00 and Independent Revenue is One Hundred and Nine Billion, Eight Hundred and Seventy Million, Nine Hundred and Thirty Two Thousand, Eight Hundred and Thirty Naira Only (₦109,870,932,830.00). Other receipts from development partners are Fifty Three Billion, Three Hundred and Seventy Seven Million, Two Hundred and Forty Four Thousand, Six Hundred and Ten Naira Only (₦53,377,244,610.00)”, the Governor noted in his speech.
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