Abiodun highlights economic expansion, improvement of state’s revenue base as priorities
Ogun State Governor, Prince Dapo Abiodun has highlighted the expansion of the State’s economy and improvement of its revenue base to meet the projected expenditures as priorities for his administration.
The Governor made this known while declaring open the Treasury Board Meeting on the year 2024-2026 Medium Term Expenditure Framework (MTEF) and the 2024 Budget, held at the Obas Complex, Oke-Mosan, Abeokuta.
Represented by his Deputy, Engr. Noimot Salako-Oyedele, the Governor assured that developmental policies put in place by his administration would stimulate the State’s economy to grow faster than it was pre-COVID-19 era, through realistic upscaling of investment in critical socio-economic sectors, physical infrastructure, sustainable debt management, as well as different structural reforms in governance, public service and business regulations.
Abiodun emphasised the significance of the Treasury Board meeting is for judicious appropriation of the limited State’s wealth into critical sectors that would have a direct impact on the people and improve its revenue, as it affords each agency of government opportunity to defend its budget proposals.
Abiodun posited that he was confident that his administration with the support of the citizenry is poised for a prosperous, sustainable, and inclusive future for all its residents.
In his welcome address, the Commissioner for Budget and Planning, Mr. Olaolu Olabimtan, informed that the state government has enacted the fiscal responsibility law as amended in 2020 to guide it in the implementation of its developmental policies as well as to achieve sustainable development.
Olabimtan affirmed that the present administration was committed to consolidating the gains of its financial transparency policies in line with global best practices in Public Financial Management (PFM), adding that the treasury board meeting would assist the government in its quest to continue to provide good governance, ensure accountability, and transparency.
