Oyo Govt gives breakdown of 2024 Budget proposal,Explains why budget will target economic recovery
N2.8billion in its first month of payment and is expected to run for six months. He noted, however, that the 2024 Budget would focus more on ongoing capital projects and programmes that would boost human capital, unlock the state’s economic potential through agriculture and agribusiness value chain, tourism and solid minerals development, as well as promotion of Public Private Partnership, among others. The sectoral analysis of the proposed budget showed the government’s commitment to the economic recovery of the state, as the social and economic sectors, which comprise education, health, youth and sports, culture and tourism, agriculture, works and infrastructure and finance received the largest allocations. Prof Babatunde also used the opportunity to highlight the revenue projections in the budget draft, stating that the state government looks forward to earning N86 billion in statutory allocations, N71.5 billion in Value Added Tax, N10 billion in Excess Crude, N36.3 billion in cap