Kosofe: Ogunlewe Presents 4.145b 2024 Budget of Public Growth, Development

Barr. Ogunlewe Outlines Visionary Plans and Achievements During Budget Presentation

In a momentous occasion at the Council Legislative Chambers, Hon. Barr. Moyosore Adedoyin Ogunlewe, the Executive Chairman of Kosofe Local Government, delivered an impassioned speech while presenting the proposed budget for the year 2024. The event, attended by legislators, community leaders, and stakeholders, highlighted the administration's dedication to fostering public growth and development.

Key Highlights:

1. Visionary Budget Theme: The 2024 budget, aptly named the "Budget of Public Growth and Development," underscores the administration's unwavering commitment to implementing projects and programs that positively impact the lives of Kosofe residents.
2. Achievements: Chairman Ogunlewe reflected on the accomplishments of the administration in the past 29 months. Notable projects include road reconstruction, health care initiatives, educational support, and the launch of community-focused programs.
3. Strategic Objectives: The budget outlines clear objectives, including poverty eradication, wealth creation, infrastructure improvement, and a focus on maintaining a prudent Recurrent/Capital ratio.
4. Revenue Projections: A total projected revenue of N4,145,122,257.59 for the fiscal year was presented, with detailed breakdowns, including Internally Generated Revenue (IGR), State Coordinated IGR, Statutory Allocation from the Federation Account, and Value Added Tax (VAT).
5. Expenditure Breakdown: The budget allocates funds judiciously, with a focus on capital expenditure for infrastructural development. Key areas include personnel costs, political office holders, operating expenses, and specific allocations for recurrent and capital expenditures.
6. Community Support: Chairman Ogunlewe called for the support of legislators, community leaders, market women, artisans, and all members of the community in generating revenue to enhance social services, emphasizing that governance will be marked by innovation and dynamism.
7. Conclusion: The Executive Chairman expressed gratitude to everyone involved in the budget preparation and announced the handover of the proposed draft budget to the Legislative House for consideration and passage into law.

Speaking to pressmen, Ogunlewe noted that the synergy between the executive and legislative arm of government in Kosofe would not disrupt the legislative process of scrutinizing the budget. However, the Kosofe public should hope to see the transformation of all sectors, as presented in the budget, by his administration.

The event concluded with a resounding "igbega ibile Kosofe, Ajumose gbogbo wa ni ooo" – a call for unity and progress in the Kosofe community. The proposed budget aims to lay the groundwork for a prosperous and thriving future for the residents of Kosofe Local Government.