Oyo state Governor, Seyi Makinde has reduced the state’s ‘unrealistic’ 2019 budget by N103bn.
The governor said the initial N285 billion 2019 budget presented to the house of assembly by the past administration was unrealistic.
In a series of tweets, he disclosed that he has now signed a revised budget of N182 billion.
“This afternoon, I signed the Oyo State Appropriation Review and Finance Bill, 2019, a revised budget for the state, into law.
“In view of the current financial state of our state, the budget of N285B approved by the previous administration was unrealistic
“We’ve revised the budget downward to N182B; this includes an upward review of the budget for education to 10%.
”Our admin will work towards improving the economy of the state so that subsequent budgets match our financial capabilities and budget implementation is above 70%”, he said.