The Year 2025 Budget tagged, “Budget of Hope and Prosperity” was presented on Thursday 10th April, 2025 to the members of the Legislative Council under the leadership of Hon. Moruf Erubami
by the Executive Chairman of Abeokuta North Local Government, Dr. Lanre Oyegbola Sodipo.
Presenting the budget, Dr. Lanre Oyegbola Sodipo acknowledged that indeed, the day’s event was a testament to the collective efforts in participatory governance. While reflecting on the Year 2024 budget, the Council Boss emphasized on the budget performance which has been satisfactory as it included the way forward in setting a benchmark for greater performance.
Speaking further, the Council Chairman highlighted the laid down program for the development of Abeokuta North Local Government as part of his cardinal program in various sectors: infrastructure, security, skill acquisition, serene environment amongst others aimed at improving businesses.
Sodipo explained that the aggregate projected revenue in the year 2024 was N6,145,479,928.22 as at October 31st, 2024. A sum of N5,494,276,60.45 from federation account, represent 94% while N170,98,588.27 represent 59% of the IGR of year 2024. N1,041,488,1399.38 as personnel cost while overhead cost was N512,965,188.50. Money spent on capital projects N5151, 537,558.99 while N3,826,54,412.34 was spent on consolidated fund charges.
He noted that the 2025 proposed expenditure consists of capital expenditure of N1,389,000,000.00 amounting to 13.2% as salaries and allowance N1234,393,947.52 as consolidated fund charges N4,015,000,000.00.
The Leader of the Legislative Council, Hon. Moruf Erubami, while appreciating the Executive Chairman, acknowledged that indeed the performance of the administration since the inception of this tenure has been exemplary. While calling on all to diligently discharge their duties as governance is a collective effort, the Leader of the Council assured the Executive arm of their continued cooperation towards a greater Abeokuta North Local Government.
This Year’s proposed budget will be generated from the Federal Account Allocation Committee, FAAC, Internal Generated Revenue and the State Coordinated Revenue. It holds high prospects for the good people of Abeokuta North Local Government, as this administration will continue to pursue people oriented programmes for the benefit of all.
Photo: (L-R). Dr. Lanre Oyegbola Sodipo, the Executive Chairman, Abeokuta North Local Government Area presenting the 2025 budget to Hon. Moruf Erubami, Leader, Abeokuta North Local Government Legislative Council on Thursday.
Send your press invite, news, press releases/articles to augustinenwadinamuo@yahoo.com. Also, follow us on Twitter @PrimetimeRepor1 and on Facebook on facebook.com/primetimereporters or call the editor on 07030661526.
