Fayemi Approves Ilomu, Otun Obas-Elect, Forwards Supplementary Budget to Assembly


Ekiti State Governor, Kayode Fayemi has approved the appointments of both Prince Iluku Ojo Omobire and Prince Adekunle Adeagbo as the Olomu of Ilomu-Ekiti and Oore of Otun-Ekiti respectively.

This was one of the many deliberations at the Ekiti State Executive Council third virtual meeting since the outbreak of the COVID-19 pandemic, held on Thursday under the Chairmanship of the Governor.

According to a release signed by the State Commissioner for Information and Values Orientation, Aare Muyiwa Olumilua, the members of the council also deliberated upon, and approved the following; a draft supplementary budget which reflects current economic reality in the country.

"The supplementary Budget for the year 2020, which is predicated on the global fall in oil prices, leading to a fall in revenue from the Federation Account proposes as follows; Personnel, pensions, and other related costs should remain at 100%, reduction in overheads by 50%,

"Also, grants to parastatals reduced by 20%, capital expenditure should be limited to regenerative legacy projects, and those that government had already made financial commitment to projects with external financing should be retained and rigorously pursued.

"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. This translates to a ratio of 62:38, and conforms to the Fiscal Sustainability Plan (FSP) of the Federal Government.

"The SEC also 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. The contractors were given 2 months to deliver on the contract, and a 25% mobilization payment was approved. The College is billed to resume for studies later in the year.

"The Executive Council approved the suspension of four (4) Kingmakers, and the appointment of seven (7) Warrant Chiefs, to perform the role of King makers 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 effect immediately", the release read.

It stated further that, "the Executive Council approved the development and operation of an Independent Power Plant (IPP) in Ekiti State, to improve the power supply reliability in crucial parts of the State, as well as reduce costs incurred in the provision of generators, and the
fuelling of same.

"The project upon completion will generate 24 hours of uninterrupted power, and save Ekiti State Government approximately N276million per year. Strategic locations to benefit from the project include; Ekiti State Government House Grounds, Governor’s Office, Ekiti State Secretariat, Ekiti State Specialist Hospital, Ekiti State University, as well as the street lights in the state capital.

"The project is a Public Private Partnership (PPP). The power plant is expected to be operational in 9 months."

Comments

Popular posts from this blog

Ekiti: Governor Responds To Claims Of Selling State Lodge ln Abuja

Ekiti Governor's Lodge in Abuja: Between due process and ill-informed interference - By Segun Dipe

"President Buhari Trusts Women More Than Men" - Garba Shehu