From Priscilla Ediare, Ado Ekiti
Ekiti State Governor, Kayode Fayemi, has signed N109.7 billion into law as the 2021 appropriation bill.
The budgetary provision was passed by the House of Assembly on Tuesday, having been presented by the Governor on October 27, for perusal and ratification.
Fayemi, who spoke at the signing of the budget christened: “Budget of Recovery and Economic Restoration,” remarked that the 2021 budget estimate is N109,666, 376,722.61, out of which 53 percent is appropriated for recurrent expenditure and 47 percent for capital expenditure.
The governor thanked the Assembly for its painstakingness and thoroughness in dealing with the budgetary provision, saying the realisable amount would help in deepening the economy of the state and bring more development to the people.
He said the breakdown of the 2021 budgetary provision will be presented to the public by the Commissioner for Budget and Economic Planning, Femi Ajayi, in the coming days.
“As I signed the 2021 appropriation bill into law today, it shows we are ready to effectively implement the budget and deliver our promises to Ekiti-kete. It will also increase the state’s ability to respond to economic challenges, and as a government, we will do the needful to achieve its fiscal sustainability,” he said.