News

Commissioner: We’ll promote inclusiveness, good governance in Ogun

The Ogun State Government will continue to encourage inclusiveness and good governance by strengthening the public financial system that will meet global best practices with the goal of delivering dividends of democracy to the people of the state.

This was the assurance given by the Ogun State Commissioner for Finance and Chief Economic Adviser, Dapo Okubadejo, while speaking at the Egba Divisional Town Hall meeting of the 2004-2026 Medium Term Expenditure Framework (MTEF) and 2024 Budget in Abeokuta, the Ogun State capital, on Thursday, November 2, 2023.

Okubadejo stated that the budget meeting was “emplaced to offer the good people of Ogun State an opportunity to interface in a consultative dialogue meant to decide the direction of governance and development process that directly concern us”.

The commissioner added that the interactive session was a veritable avenue towards the promotion of the government’s development agenda, “which also provides increased individual prosperity for our people”.

He said Governor Dapo Abiodun’s administration has adopted increased transparency, inclusiveness, and bottom-up engagement in the budget process, fiscal discipline, and discouraging extra-budgetary expenditure, among others.

READ ALSO: Akpabio laments: I was stuck in traffic for hours on Ogun road

He said: “In a bid to achieve sustainable economic development in the state and institutionalise public sector reforms and governance, the present administration of Prince Dapo Abiodun enacted the Ogun State Fiscal Responsibility Law 2020, as amended, which highlights the roles and functions of all the stakeholders as well as spells out the expected fiscal activities in the state and this has assisted in the annual budget preparation process.
“In managing public sector expenditures, we will adhere to the state’s policy thrust in achieving the operating targets, transparency, efficiency and risk aversion in order to implement the government’s policies leading to the direct benefits for the people.

“The state government’s fiscal policy will focus on improving the efficiency and effectiveness of spending, achieving a balance between capital and recurrent expenditure, including greater control of the wage bill: directing expenditure on capital infrastructure; boosting revenue receipts by identifying and plugging revenue leakages; and gradual fiscal consolidation to achieve a level of public spending consistent with macro-economic stability and sustainable debt.

“This administration led by His Excellency, Prince Dapo Abiodun, will continue to encourage inclusiveness and good governance by ensuring and strengthening the public financial system that will meet global best practices with the goal of delivering the dividends of democracy to the entire people of Ogun State.”

The Star

Segun Ojo

Recent Posts

UBA GMD Alawuba calls for public-private collaboration

The United Bank for Africa (UBA) Group Managing Director/CEO, Oliver Alawuba, has stressed the need…

59 seconds ago

Premier League: Liverpool thrash Tottenham in 9-goal thriller

Liverpool moved four points clear at the top of the Premier League after both Luis…

12 hours ago

EPL: Bournemouth thrash Man United at Old Trafford as Everton draw Chelsea

Bournemouth thrashed Manchester United 3-0 in the Premier League at a chilly Old Trafford on…

14 hours ago

‘It’ll improve access to education’: Kaduna poly lauds Uba Sani on retirement age

Nuhu Bamali Polytechnic has commended Kaduna State Governor Uba Sani for increasing the retirement age…

15 hours ago

Atiku: 2025 budget lacks reforms to tackle Nigeria’s woes

Former Vice President Atiku Abubakar says the 2025 budget presented by President Bola Tinubu to…

15 hours ago

Ijaw youths raise the alarm: Oil thieves after Kyari, Tompolo, Otuaro

The Ijaw Youths Network has raised the alarm over the intensified blackmail of huge international…

16 hours ago

This website uses cookies.