The Ogun State Commissioners in charge of various Ministries, Agencies and Parastatals have dissected the 2025 budget, tagged “Budget of Hope And Prosperity”, towards effective implementation across all relevant sectors in the state.
Penpushing reports that the Commissioners converged at the Olusegun Osoba Press Centre located at Governor’s Office premises, Oke-Mosan, Abeokuta at a press conference to provide highlights of the budget as it concerns their various ministries and agencies
The Chief Economic Adviser and Commissioner for Finance, Mr. Dapo Okubadejo in his own presentation disclosed that the Ogun State Government has emphasized that the 2025 budget of N1.05trillion is aimed at executing projects that would set the state in the path of development and prosperity.
Penpushing further reports that Okubadejo stated that the increase in the 2025 budget was to continue on the implementation of qualitative and affordable education, healthcare delivery, housing, provision of critical road infrastructure, youth empowerment and other essential services for the good of the people.
The Finance Commissioner added that the state’s budgets have increased from N335billion in 2020 to N1.1trillion in 2024 as a result of the reforms put in place and the blockage of leakages and loopholes.
‘We have significantly increased our Internally Generated Revenue (IGR) through lots of reforms in lands, payments, industry, trade and investment where you can do business online. We have also done a lot of internal reforms to drive efficiency as well as digitized the entire internal revenue service’, he said
Penpushing also reports that Okubadejo added that Ogun State is expected to generate N194billion from Ministries, Departments and Agencies, N121billion from internal revenue service and N228million from federal allocation from N199billion in 2024.
The Commissioner for Budget and Planning, Mr. Olaolu Olabimtan in his own highlights said the N1.05trillion budget is broken down into N600billion for Capital and N400billion for Recurrent Expenditures, which is a 50 percent increase over the 2024 budget which stood at N703billion.
“For us, what is significant which is why we keep coming first whenever we are ranked in the IGR and its sustainability is that the percentage of our funding from the federation account keeps going down and that is a deliberate attempt on the part of this government to ensure sustainability’, Olabimtan stated.
“We will spend more on capital expenditure than we spend on recurrent. Personnel cost is expected to be N125bn which is 12 percent, Overhead Cost of N216bn or 20 percent of the budget and Consolidated Charge of four percent giving us a total Recurrent Expenditure of N455 bn which is 43 percent’, he added
Penpushing reports that Commissioner for Education, Science and Technology, Prof. Abayomi Arigbabu, on his part said N178billion or 17 percent of the budget was allocated to the education sector, explaining that this would be used for the building 12 mega smart schools, each containing 900 classrooms.
The Commissioner disclosed that other projects to be carried out by the Ministry included fencing of schools to provide security for learners and their teachers, providing basic amenities like boreholes, renovation of dilapidated classrooms, among others.
Penpushing further reports that the Commissioner for Agriculture and Food Security, Hon. Bolu Owotomo, in his submission said the state is ready to revive all the farm settlements, increase productivity through effective agricultural value chain, bring more youth and women into agriculture, as well as promote dry season farming through the distribution of 1000 water pumps to farmers.
The Commissioner for Housing, Jagunmolu Akande Omoniyi, said emphasis would be placed on the construction of legacy housing projects across the state as N7.5billion is budgeted for housing projects, another N4.5billion for the ministry and N4.9billion for the Housing Corporation.
Penpushing reports that Omoniyi explained that houses built at the Kobape Housing Estate have been allocated to those who fully paid the required amount, while 32 of those who did not get allocation would get their refund.
The Commissioner for Health, Dr. Tomi Coker, on her part said a total of 80 Primary Health Care Centres have been renovated this year, while plans are underway to procure MRI machines to meet the needs of patients in the State’s health institutions.
Penpushing further reports that Commissioner for Transportation, Engr. Gbenga Dairo, hinted that government plans to extend the Lagos Red, Blue, and Purple rail lines into the state, emphasizing that the development of new rail stations would not only facilitate easier movement for commuters but also enhance the transportation of goods in and out of the State.
The commissioner disclosed that the ministry is focusing on water transport with a view to improving connectivity across the State and encourage cargo transportation, and equally affirmed that the Gateway International Airport, which is designed for both cargo and passenger services, has received full certification for operational takeoff, noting that this development positions Ogun State as a strategic hub for air transportation in the region.
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