Ogun State Government has said that in the year 2021 Budget, emphasis would be placed on the relative value and cost of each expenditure item, as a larger part of this year was used in putting in place key infrastructural facilities, capable of unlocking the socio-economic potentials of the State.
The State Governor, Prince Dapo Abiodun stated this at the Treasury Board meeting on 2021-2023 Medium Term Expenditure Framework (MTEF) and 2021 Budget at the Oba’s Complex, Abeokuta, noting that next year budget would further showcase the administration’s commitment to good governance.
Governor Abiodun who stressed the need for managers of public funds to be innovative, by devising new approaches to fulfill government policies and programmes, as a result of increased public expectations, added that the new normal, demand more prudent management of scarce resources.
He opined that economic growth was often measured in terms of planning and functionality, as economic planning explains the control and direction of the economy adopted by the government to exercise its efforts.
“That is why the desire and approach to accelerating the pace of the socio-economic development in a State depends on key economic decisions made, not only by the government, but by all stakeholders affected by such decisions.
“And, on the other hand, achieving the targets and objectives of the economic planning is largely dependent on the functionality of the government’s machinery, and those who manage the economy on behalf of the government. All this informs the deliberate and calculated approach our administration has adopted in the preparation of a functional annual budget for Ogun State since 2019”, the Governor explained.
He said the Public Service, in its important role in the implementation of government policies and programmes, must not only be dynamic and abreast with the government’s expectations of meeting the increasing public needs, but be judicious and innovative in its approaches.
The Governor noted that the meeting was to get the contributions of the State public servants, who are the executors of government programmes and projects, as well as cross-fertilise ideas on how to have a budget that would meet the needs of the people.
Prince Abiodun, while urging all hands to be on deck for a more robust 2021 fiscal year that would sustain policies and programmes of government, added that greater attention was focused on tackling the COVID-19 pandemic and boosting the economy this year, appealing to officials of Ministries, Departments, and Agencies (MDAs), to present programmes and projects that would help in achieving the ‘Building Our Future Together’ agenda.
“For the coming year 2021, we all have responsibilities to ensure a more robust fiscal year that will sustain our policy and programmes towards the successful implementation of “Building our Future Together” agenda. I call on all relevant stakeholders to continue to cooperate with us towards building a more prosperous future of our dear State”, he said.
In his presentation, the Commissioner for Budget and Planning, Mr. Olaolu Olabimtan said the State, for the first time, was able to produce the MTEF and the Medium-Term Revenue Strategy (MTRS), noting that revenue must be pragmatically and efficiently deployed to meet the economic downturn occasion by the COVID-19 pandemic.
He emphasised the need to plan and get government priorities right, saying there were many things to spend money on, but the resources are limited.
Contributing,the Economic Adviser and Commissioner for Finance, Mr. Dapo Okubadeyo, hinted that government remained resolute in abiding by the international best practices on budget implementation, observing that aspirations have financial implication and there was the need to raise and use funds judiciously.
Press Officer, Office of the Governor