Gov. Fayose Presents N98.6bn Budget, Endorses His Deputy As Next Governor

December 6, 2017

Governor Ayodele Fayose of Ekiti State has presented a budget of N98.6 billion for approval to the State House of Assembly for the year 2018, saying he is accomplished by what his administration has achieved in the last three years in the face of serious economic and political challenges.
The governor, who presented the budget on the floor of the Assembly, on Tuesday, also presented his deputy, Prof. Kolapo Olusola, to the lawmakers as his preferred candidate for next year’s governorship election, and expressed optimism that Olusola would be the person to present the 2019 Budget to the legislators.

In a statement by the governor’s Chief Press Secretary, Mr. Idowu Adelusi, in Ado-Ekiti, the 2018 Budget is about SIX PERCENT higher than the 2017 Budget of N93.09 billion and is christened ‘Budget of Accomplishment’.

The budget has N66.4 billion going to Recurrent Expenditure, while Capital Expenditure is expected to gulp the sum of N32.1 billion.

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