A sum N3.932 billion has been budgeted to be expended by Yewa South Local Government for the year 2024.
Chairman of the Local Government, Hon. Lateef Salami, who presented the budget proposal tagged, "Budget of Solidification", before the Local Government Legislative Council in Ilaro said his administration was poised to deliver good and quality governance.
The Council boss added that a total recurrent expenditure was estimated to N3,598,618,302.33, representing 92 percent of the total budget, while capital expenditure would gulp a total of N333,500,000.00, representing eight percent.
He noted that the proposed budget would be funded through Internally Generated Revenue (IGR) of N73million, representing two percent of the budget size, capital and other receipts, estimated at N200million making five percent of the budget and proposed statutory allocation of N3,659,118,302.30 billion of 93 percent of the total budget.
Hon. Salami said his administration would continue to lay a solid foundation for the local government especially in the area of provision of infrastructure across the 10 wards of the council's area, social welfare protection and well-being which include, healthcare, effective water and waste management, provision of empowerment for the teeming youths amongst others.
The Chairman who pointed out that, he fully understood the difficulties that people of the area were going through especially with the fuel subsidy removal stated that, "we shall forge on to greatness with strict budget discipline through establishment of a sustainable public finance management that would bring better allocation of our scarce resources and improved public service delivery".
Speaking, the Leader of the House, Hon. Prince Talabi Safiu, while commending the Chairman's developmental efforts, said the legislative council would examine the draft budget carefully before approval, towards ensuring that public resources were scrupulously applied for intended purposes that would facilitate meaningful development of the area.
He assured that adequate provisions would be made for the execution of each project in the proposed budget to avoid undue concentration of developmental projects in any particular section of the area.
Abiola Rufai,
ZIO, Yewa South LG
