Ekiti State Government is to spend about one hundred and ten billion naira in the 2021 fiscal year.
This is contained in the 2021 appropriation bill presented to the Ekiti State House of Assembly by Governor Kayode Fayemi.
The budget proposal christened Budget of Recovery and Economic Restoration had an increment of twenty percent compared to that of 2020.
A breakdown of the budget proposal revealed that recurrent expenditure is over 57 billion naira and a Capital expenditure of over 51 billion naira
Addressing the house, Governor Kayode Fayemi explained that the budget proposal was a product of consultation and meetings with members of the public through town hall meetings
According to him the budget was critically prepared in consideration for the current economic realities occasioned by the corona virus pandemic with the aim of rebuilding the economic drive of the state.
Dr Fayemi affirmed that 2021 appropriation bill was designed to lift people of the state out of poverty through massive empowerment and social security schemes.
He said the budget would be funded through federal allocation, value added tax, Internally Generated Revenue as well as support from development partners.
Speaking on the implementation of 2020 budget Governor Fayemi explained that though the pandemic created a big challenge, his government was able to deliver on the budget through prompt payment of salaries, free education, free health care for the vulnerable members, inauguration of many noble projects among others.
The Governor however announced his determination to commence the payment of the consequential adjustment for the thirty thousand new minimum wage for workers from grade level eight and above noting that the necessary requirements have been captured in the budget.
He also promised to build health centers across the one hundred and seventy four wards across the state so as to enhance health care system.
Earlier the speaker of the house, Mr Funminiyi Afuye said the budget proposal would be thoroughly scrutinized and given accelerated passage.