… Governor says political office holders, others sacrificed 50 per cent of salary
The Governor of Ekiti State, Kayode Fayemi, signed the 2020 Supplementary Budget into law on Monday.
The State Government reviewed the 2020 Budget earlier passed by preparing a Supplementary Budget due to the COVID-19 pandemic which affected its revenue prospect.
“The 2020 Supplementary Budget was designed, bearing in mind the dwindling revenue from the Federation Account, to focus on critical priority legacy projects.
“The 2020 approved budget size of N124,724,869,355.95 has been reviewed to N91,128,996,482.01 in the supplementary Budget. This is made up of N59,063,958,763.00 as recurrent Expenditure and N32,065,037,719.01 as Capital Expenditure, representing 65:35 ratios, in response to the exigencies of our finances and the realities of the times,” Mr Fayemi said.
The Governor said wastages would be avoided, adding that resources will be allocated to address needs
“…This is no time for frivolities. We must be prepared to make sacrifice at one point or the other as we battle to come out of the COVID-19 inflicted quagmire. Consequently, the 2020 Supplementary Estimates has been put together to ensure that our meagre resources are mobilized to specific and critical areas of the economy.”
Mr Fayemi commended members of the House of Assembly for rapidly delivering the Supplementary Budget. He noted that some political office holders and heads of agencies in the state sacrificed half of their salaries to aid the fight against COVID-19.
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