2022: Fayemi Signs Last Appropriation Law N100.7bn As A Governor

Today, Ekiti State governor, Kayode Fayemi signed his last budget of N100.7 billion naira as a governor for the year 2022.

According to Governor Fayemi, the budget, with a percentage ratio of 60:40 recurrent to capital expenditure, was designed to complete the Ekiti Cargo Airport, the Ado-Iworoko section of the Ado-Ifaki Road, renovation of township roads, and the commencement of the construction of farm roads across the State.

Others included completion and equipping of the Intensive Care Unit (ICU) at Ekiti State University Teaching Hospital (ESUTH), construction and renovation of schools, provision of learning materials to students, completion of ongoing erosion and watershed management project, foundation laying for Ekiti Knowledge Zone and the Special Agriculture Processing Zone, among others.

The Governor added that the budget was also prepared to ensure that enduring legacies are handed over to successive governments with a clear blueprint of development plans to lift Ekiti into a period of sustained prosperity.

“The 2022 Budget, which has been tagged “Budget of Legacy and Consolidation” is an estimate of One Hundred Billion, Seven Hundred and Fifty-three Million, Nine Hundred and Ninety-Three Thousand, Two Hundred and Forty – One Naira, and Sixty Kobo (₦100, 753, 993, 241.60), with a 60% to 40%, recurrent to capital expenditure ratio.

“The budget has been designed to help us achieve our goal of finishing well, by consolidating the gains of the last three years, and handing over an enduring legacy to our successor government. It has been designed to ensure we complete most, if not all, of our capital projects, while also ensuring the day-to-day operations of Government continue to run smoothly.” He said.

The Government commended development partners for providing supports for the state Government during Covid-19 pandemic, fiscal crisis occasioned by lockdowns and revenue losses suffered by government.

Governor Kayode Fayemi’s tenor will end October 2022 as a second term governor hence, he has not chance of seeking reelection again.