Ekiti Govt. Cuts 2020 Budget By ₦33bn

The Ekiti state Government has slashed its 2020 budget from ₦124.5bn to ₦91.128bn as a result of the economic difficulty caused by the COVID-19 pandemic.

The state’s Commissioner for Information, Muyiwa Olumilua, revealed this in a statement.

In the draft supplementary budget, according to the statement, the personnel cost was to remain at 100 percent while the council approved reduction in overheads by 50 and grants to parastatals by 20 percents.

“The Supplementary Budget proposes an estimate of N91, 128,996,482.01, which is made up of recurrent expenditure of
N56, 557,958,763.00, and a capital expenditure of N34, 571,037,719.01″.

The council also approved a memorandum on the N 2.5 billion credit support facility for the medical sector in Ekiti State to be accessed via the Central Bank of Nigeria’s Credit Support Intervention for Health Care sector.

” N2bn will be expended on financing the State’s Health Care facilities, and acquisition of medical equipment, while N500 million is for the purchase of medical consumables, drugs, and other expenditure of the state medical facilities”.

The government approved the sum of N281, 928,000.00 for the procurement of laboratory equipment for the Ekiti State College of Agriculture and Technology, Isan-Ekiti, Ekiti State.

Following their nominations by kingmakers, the state approved the appointment of Prince Iluku Ojo Oluwadamilare Omobire as the new Olomu of Ilomu Ekiti and Prince Adekunle Adeagbo of the Adifagbade ruling house as the new Oore of Otun-Ekiti , in Irepodun/Ifelodun and Moba local government areas respectively.

However, the Council ordered the suspension of four kingmakers, and the appointment of seven warrant chiefs, to perform the role of kingmakers in the process of filling the vacant stool of the Onimesi of Imesi-Ekiti, in Gboyin Local Government Area.

“This was based on the refusal of the kingmakers to act on the list submitted to them by the Agunsoye Ruling House, thereby stalling the process to fill the stool which had become vacant since 2018. Their appointments take immediate effect,” the statement said.