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Oyo Government Seeks Review Of 2020 Budget.

DenisDunamis
By DenisDunamis | self meida writer
Published 7 months ago - 3 views

Denisdunamis

Opera news


The state government initiated move towards downward review of the 2020 fiscal budget from 208.8 billion naira to 169.97 billion naira amid covid-19 pandemic.


The house also observed the first reading of an executive bill titled "Oyo State Contingency Trust Fund Management Bill 2020".


The executive bill went pass into law and allowed the government to monitor all funds made for contingency situations such as; the donations made to fight covid-19 pandemic in the state.



The state government in a bill titled " Reviewed Appropriation Bill 2020" and read for the first time during the plenary, by the speaker of the house, Hon. Adebo Ogundoyin, said the downward review of the budget was to accommodate the latest financial reality of the nation on the state which has made the covid-19 pandemic cause drastic drop in oil prices, national revenue and reduction in federal allocation to state and revenue generation in oyo state.


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