2011
BUDGET SPEECH
DELIVERED BY
H.E. DR JOHN OLUKAYODE FAYEMI
GOVERNOR OF EKITI STATE, NIGERIA
TO THE
STATE HOUSE OF ASSEMBLY
MONDAY, 20TH DECEMBER, 2010
The Right Honourable Speaker,
The Honourable Deputy Speaker,
Honourable Members of the House,
The Clerk of the State House of Assembly,
Top Government Officials,
Gentlemen of the Press,
Ladies and Gentlemen
As I stated during my inauguration and swearing in on October 16, 2010, "the good people of Ekiti State own this government, and I will respect the opinions and aspirations of everybody irrespective of their affiliations". It is therefore noteworthy that we have consulted widely in ensuring the input of all stakeholders in arriving at a budget that reflects our collective aspirations for accelerated development across all sectors of the economy. Our competent technocrats across the various MDAs have worked with the Governor's Office to prepare a budget that every citizen of our great state, can have a sense of ownership of, and work with the government in ensuring its actualization.
Today I stand before you distinguished ladies and gentlemen, to present the 2011 budget, which has been prepared with the strategic underpinning of the 8 (Eight) Point Agenda of this administration as follows:
Ø Democratization of Governance
Ø Improvement on Infrastructure
Ø Modernization of Agriculture
Ø Education and Human Capital Development
Ø Provision of Free Health Services and Social Security to the disadvantaged sectors of our dear state
Ø Stimulation of Industrial Development
Ø Promotion of Tourism and Environmental Sustainability
Ø Promotion of Gender Equality and Women's Empowerment
As you are very much aware, my fellow compatriots, the Budget is the most effective instrument for formulation, implementation and control of government activities. By extension, it is a means by which resources available to government within a financial year, are estimated and allocated to socially productive and preferred sectors of the economy for the incoming year. A well-planned Budget is an instrument of economic policy, an instrument of accountability and a management tool. It is not only a control mechanism, but also a guide to the management of men and materials. It ensures financial discipline and curtails unnecessary expenditure. As an instrument of economic policy, the budget indicates the direction of the economy and expresses intentions regarding the utilization of resources through allocation amongst the various sectors. The budget therefore plays an effective role in ensuring that government remains focused on its commitment to set goals.
The role of this distinguished House therefore, is to examine the draft budget and in the process, further articulate the needs of the electorate and appropriate public funds for the realization of the collective objectives of government. This crucial function is strategic and cannot be wished away. Every careful step has therefore been taken, to ensure all provisions of the law are strictly adhered to in the preparation of the 2011 Budget - 'Budget of Renewal, which is being presented to the Honourable House for appropriation.
As you would recall, the size of the Approved 2010 Budget was N69,930,495,705.10 (Sixty Nine Billion, Nine Hundred and Thirty Million, Four Hundred and Ninety Five Thousand, seven hundred and five naira and Ten Kobo). This comprised of N31,910,855,675.00 (Thirty One Billion, Nine Hundred and Ten Million, Eight Hundred and Fifty Thousand, Six Hundred and Seventy Five Naira) recurrent expenditure, and capital expenditure of N38,019,640,030.10 (Thirty Eight Billion, Nineteen Million, Six Hundred and Forty Thousand, Thirty Naira and Ten Kobo). This administration however revised the budget to a sum of N65,908,372,735.79 (Sixty Five Billion, Nine Hundred and Eight Million, Three Hundred and Seventy Two Thousand, Seven Hundred and Thirty Five Naira and Seventy Nine Kobo). This is made up of N35,211,844,700.17 (Thirty Five Billion, Two Hundred and Eleven Million, Eight Hundred and Forty Four Thousand, Seven Hundred Naira and Seventeen Kobo) or 53.43% recurrent and N30,696,528,035.62 (Thirty Billion, Six Hundred and Ninety Six Million, Five Hundred and Twenty Eight Thousand, Thirty Five Naira and Sixty Two Kobo) or 46.57% capital expenditure. It is hoped that the House shall pass into law the revised budget in due course.
PERFORMANCE 2010 REVENUE
The performance of the 2010 revenue budget as at October 31, 2010 is shown in the table below:-
TABLE 1: SHOWING 2010 REVENUE PERFORMANCE
S/N | DETAILS | APPROVED BUDGET 2010 ( | PROPORTIONAL REVENUE ( JAN – OCT. 2010 | ACTUAL REVENUE ( JAN-OCT. 2010 | % PERFOR-MANCE |
| (i) | 22,169,269,292.71
| 18,474,391,077.26 | 16,811,687,288.56 | 91.00%
| |
| (ii) | IGR MDAs | 5,964,993,629.16 | 4,970,828,024.30
| 2,684,121,461.84 | 54.00 |
| (iii) | VAT | 6,000,000,000.00 | 5,000,000,000.00 | 4,499,654,617.67 | 89.99 |
| (iv) | Draw Down on External Grants | 3,000,000,000.00 | 2,500,000,000.00 | 1,746,453,194.10 | 69.86
|
| (v) | MDG Conditional Grant Scheme | 1,000,000,000.00
| 833,333,333.33 | 500,000,000.00 | 60.00% |
| (vi) | 10,815,745,166.35 | 9,013,120,971.96 | 7,250,000,000.00 | 80.44
| |
| (vii) | Grants from Federal Gov.(Reimbursement on Road Dualization) |
2,500,000,000.00 |
2,083,333,333.33 |
2,000,000,000.00 |
96.00%
|
| (viii) | Ecological Fund | 600,000,000.00 | 500,000,000.00
| - | - |
| (ix) | Staff Revolving Loan Scheme | 1,300,000,000.00 | 1,083,333,333.33 | - | - |
| (x) | FAAC Augmentation (or excess Crude oil) | 7,838,376,200.00 | 6,531,980,166.67 | 6,237,279,384.91 | 95.49% |
| (xi) | Other Sundry Incomes including exchange rate gain | 4,719,988,447.48
| 3,933,323,706.23 | 1,985,086,302.70 | 50.47 |
|
| Grand Total |
|
|
| 80.06% |
The total expected revenue as at October 31, 2010 was N54,923,643,946.40 (Fifty Four Billion, Nine Hundred and Twenty Three Million, Six Hundred and Forty Three Thousand, Nine Hundred and Forty Six Naira and Forty Kobo) while the actual revenue in the period under review was N43,971,806,909.28 (Forty Three Billion, Nine Hundred and Seventy One Million, Eight Hundred and Six Thousand, Nine Hundred and Nine Naira and Twenty Eight Kobo). This represents 80.05% performance. Ordinarily the performance may look credible but one should not loose sight of two variables i.e. the Internally Generated Revenue and loan components of the total revenue. For example, the Total IGR of the State between January and October, 2010 was N2,684,121,461.84 and this represents only 6.1% of the total revenue. Though this may appear alarming, we are not deterred. This administration shall adopt all lawful measures to address this situation in the next fiscal year.
It is also on record that the immediate past government took a loan of N7,250,000,000.00 (Seven Billion, Two Hundred and Fifty Million Naira Only) in the period under review. This represents 17.06% of the total revenue. This is disturbing, considering the paucity of tangible impact this debt has made on the lives and circumstances of our people. Instead, this administration is encumbered with total inherited debt of over N40billion, with over N300million deducted monthly at source from the State Allocations to service the various loan facilities.
On the issue of external sources such as Federal Allocation, VAT and Excess-Crude, though the State recorded good percentage performance but the actual release is not enough for this administration to execute projects that we have in the pipeline. For example, this administration is desirous to embark on empowerment programmes, free and qualitative health programmes, free education up to secondary schools and other projects that will effectively banish poverty from the land. In view of the foregoing, it may become imperative, for the Federal Government to review the current revenue allocation formula, to ensure increase in the revenue accruable to States from the Federation account. However, as stated earlier, it is our collective burden to ensure Internally Generated Revenue is considerably increased through the stimulation of economic activities in our dear state in the year 2011, and our vision is to increase the percentage share of IGR in our total revenue by at least 20%.
EXPENDITURE REVIEW
The Table II below shows the expenditure performance of the 2010 approved budget as at October 31, 2010:
TABLE II SHOWING THE 2010 EXPENDITURE PERFORMANCE
| S/N | DETAILS | APPROVED BUDGET ( 2010 | PROPORTIONAL REVENUE ( JAN-OCT. 2010 | ACTUAL EXPENDITURE ( JAN-OCT. 2010 | % PERFOR- MANCE |
| A. | RECURRENT EXPENDITURE |
|
|
|
|
| (i) | Personnel Cost | 5,732,582,719.00 | 4,777,152,265.83 | 4,334,026,666.35 | 90.72 |
| (ii) | Other Charges | 3,131,775,000.00 | 2,609,812,500.00 | 1,884,361,482.86 | 72.20 |
| (iii) | Recurrent Grants | 12,459,124,184.29 | 10,382,603,486.90 | 8,760,395,962.72 | 84.37 |
| (iv) | Consolidated Revenue Fund Charges | 8,708,129,153.48 | 7,256,774,294.56 | 6,776,493,389.68 | 93.38 |
| (v) | Transfer to Other Funds | 5,180,233,643.50 | 4,316,861,369.58 | 2,860,776,266.56 | 66.26 |
|
| Sub-Total | 35,211,844,700.27 | 29,343,203,916.66 | 24,616,053,768.17 | 83.89 |
| B. | CAPITAL EXPENDITURE |
|
|
|
|
| (i) | Economic Sector | 14,367,609,940.00 | 11,973,008,283.33 | 5,922,319,589.36 | 49.46 |
| (ii) | Social Services Sector | 6,424,170,000.00 | 5,353,475,000.00 | 1,651,255,016.28 | 30.84 |
| (iii) | Environmental Sector | 1,553,500,000.00 | 1,294,583,333.33 | 562,121,271.75 | 43.42 |
| (iv) | Administration | 8,351,248,095.62 | 6,959,373,413.01 | 1,820,456,122.34 | 26.15 |
|
| Sub-Total | 30,696,528,035.62 | 25,580,440,029.68 | 9,956,151,999.73 | 38.92 |
|
| GRAND TOTAL |
|
|
| 62.94 |
Distinguished Honourable Members, as at the end of October, 2010, a total sum of N34,572,205,767.90 (Thirty Four Billion, Five Hundred and Seventy Two Million, Two Hundred and Five Thousand, Seven Hundred and Sixty Seven Naira and Ninety Kobo) had been expended on both the recurrent and capital expenditure representing 62.94% performance. N24,616,053,768.17 (Twenty Four Billion, Six Hundred and Sixteen Million, Fifty Three Thousand, Seven Hundred and Sixty Eight Naira and Seventeen Kobo), was spent on Recurrent Expenditure while N9,956,151,999.73 (Nine Billion, Nine Hundred and Fifty Six Million, One Hundred and Fifty One Thousand nine hundred and ninety naira and Seventy Three Kobo) was spent on capital expenditure. The recurrent expenditure consists of personnel and over-head costs of Ministries, Departments and Agencies. The Honourable Commissioner for Finance and Economic Development will give a detailed breakdown of the recurrent and capital expenditures as soon as the budget is approved by this Honourable House.
THE 2011 BUDGET
The focus of the 2011 budget is to review the on-going capital projects, identify those that are of benefit to the good people of the State and add new ones which are in-line with the 8 Point Agenda of this administration. Let me emphasize here that this government is not interested in abandoning the on-going capital projects in view of the resources already committed on them. But we owe it a duty, to spend the resources of the State frugally. In this light, this administration will not hesitate to discontinue any white elephant projects that will constitute further drain to the lean resources of the State. We shall ensure that we bring our policy of providing sustainable jobs for our young school leavers and also stick conscientiously to the tenets of free health and free education of my party – the Action Congress of Nigeria (ACN).
OBJECTIVES OF THE 2011 BUDGET
Based on the foregoing, the policy thrusts of the 2011 budget, includes but are not limited to the following:
(i) A concerted effort at improving the revenue base through expansion of the State revenue net;
(ii) A general reduction in the poverty level of the citizenry through the provision of a conducive environment for job creation, youths and women empowerment;
(iii) A widening of the economic base through the promotion of various economic activities and support for small and medium scales enterprises;
(iv) Provision of employment for our young school graduates and the promotion of the culture of enterprise.
(v) A continued improvement of the educational sector by strengthening the inspectorate arm and capacity building of our teachers at all levels;
(vi) Enhancement of the quality of the health of our people through the free health services;
(vii) Continued development of a more dedicated, motivated and disciplined public service for enhanced productivity;
(viii) Continued maintenance of a conducive environment that will promote private investment and public private partnership (PPP);
(ix) The continued maintenance of industrial peace and socio-political harmony;
(x) A deliberate curtailment of extra-budgetary spending to ensure budget discipline and a proper monitoring of income and expenditure of government to ensure transparency;
(xi) A strict adherence to the rule of law, justice, equity and fairness for all and;
(xii) The pursuit of excellence in sports and cultural development.
REVENUE PROJECTIONS
The size of the year 2011 budget is N74,779,114,550.00. The expected revenue shall accrue from the following sources:
| Statutory Allocation |
| 32.09% |
|
|
|
|
| VAT |
| 6.69% |
|
|
|
|
| FAAC Augmentation |
| 8.02% |
|
|
|
|
| Internally Generated Revenue (Including Parastatals, Community
Development and Signage Agency) |
| 14.20% |
|
|
|
|
| External Grants (Draw Down) | | 4.01% |
|
|
|
|
| MDG Conditional Grants |
| 1.34% |
|
|
|
|
| Reimbursement from Federal Government on Roads |
| 2.67% |
|
|
|
|
| Internal Loans/Bonds |
| 25.41% |
|
|
|
|
| Ecological Funds |
| 1.34% |
| Sundry Income |
| 4.23% |
|
|
|
|
| Total |
| 100% |
| | |||
SOCIAL SERVICE SECTOR
One of the cardinal programmes of this new administration is largely the provision of social services for the generality of our people in Ekiti State.
This explains why this sector is receiving good capital allocation in the budget. For the 2011 budget we have earmarked a total sum of N9,434,980,000.00 (Nine Billion, Four Hundred and Thirty-Four Million, Nine Hundred and Eighty Thousand Naira) to this sector in the capital budget. This represents 23.16% of the capital budget.
The following sub-sectors shall be addressed under the social service sector:
(a) Education Sub-Sector
One of the key programmes of this administration is the provision of free and qualitative education from the Primary to Secondary School level.
We have thus taken decisive action in reducing the fees paid by students of our State-owned higher institutions. This will reduce the burden of parents and guardians, and go a long way in stimulating academic excellence by our students and thus increase our rankings among the committee of states in common examinations.
A total sum of N3,808,500,000.00 (Three Billion, Eight Hundred and Eight Million, Five Hundred Thousand Naira) representing 9.35% of the total capital budget has been allocated to education in the 2011 capital budget. Below is the distribution of capital allocation to Education in the 2011.
| (i) | Ministry of Education
|
|
| (ii) | School Enterprise Project
|
|
| (iii) | State Universal Basic Education Board (These amounts include Counterpart Funding)
|
|
| (iv) | Board for Technical Education |
|
| (v) | Tertiary Education (the sum of Five Billion, Eight Hundred and Sixty Million Naira) has been set aside as both capital expenditure and subventions to our tertiary institutions.)
|
|
The budgetary provision for the Education sector (both recurrent and capital) in the 2011 budget is N14,275,812,173.00 (Fourteen Billion, Two Hundred and Seventy-Five Million, Eight Hundred and Twelve Thousand, One Hundred and Seventy-Three Naira). This represents 19.09% of the total budget.
The details of other projects that will be executed in the education sector shall again be stated by the Honourable Commissioner for Finance during the budget analysis session.
Healthcare Services
It is our belief that a healthy citizenry is a prerequisite for any meaningful social and economic transformation. Already, the healthcare programmes of this government had been publicly presented. The components include free medical services for children, pregnant women, the physically challenged and senior citizens. We shall also ensure the establishment of primary healthcare centers in all communities that are yet to have any during the next year, while increasing the capacity of existing ones to meet the varied healthcare needs of our people. This administration shall also work with development partners and all stakeholders in ensuring wide and intense immunization coverage, in order to decrease infant mortality rates in Ekiti State. In addition, we plan to hold regular free healthcare delivery missions, targeted at grassroots communities all over Ekiti State; this would be done in partnership with NGOs, health organizations and allied development partners run by Ekiti State indigenes at home and in the Diaspora.
To further strengthen primary healthcare service delivery in the State, this administration shall strengthen existing health training institutions. In line with this, we have approved the up-grading of the School of Health Technology, Ijero-Ekiti to a College of Health Technology. The School will now offer programmes leading to the award of Ordinary and Higher National Diploma Certificates in Health-related courses. Adequate budgetary provisions have been made for the College and also for the construction of additional classrooms, hostels and instructional materials in the School of Nursing and Midwifery, Ado-Ekiti.
I am pleased to inform our good people that Government has put in place a patients-in-transit bus service and an emergency ambulance service scheme to further complement other efforts in health care delivery. Under the programmes, facilities and personnel shall be deployed to provide personalized medicare to our people. In addition, this administration would be deploying ambulance services to all the 21 (Twenty One) General Hospitals across the state, to offer emergency ambulance service.
Some of the projects in the Health sector are:
| (a) |
| |
|
| (i) Purchases/Installation of equipment at State Specialist Hospital/General Hospitals
|
|
|
| (ii) Infrastructural Development in General Hospitals and establishment of Staff Medical Centre
|
|
|
| (iii) State Ambulance Services
| |
|
| (iv) State Health Data
|
|
|
| (v) Ophthalmology Centre (including payment of CUBAN Doctors)
|
|
|
| (vi) Purchase and Installation of X-ray Facilities at State Specialist Hospitals/General Hospitals
|
|
|
| (vii) Completion of General Hospital, Ado-Ekiti
|
|
| (b) | Capital provisions were also made for the following health sectors: | |
|
| (i) Primary Health Care Development Agency
|
|
|
| (ii) Central Medical Store
| |
|
| (iii) Hospitals Management Board
|
|
|
| (iv) State Action Committee on Aids (SACA)
|
|
|
| (v) Teaching Hospital, Ado-Ekiti
|
|
The total recurrent and capital allocation to Health sector in the 2011 Budget is. N8,082,657,605.00 (Eight Billion, Eighty Two Million, Six Hundred and Fifty Seven Thousand, Six Hundred and Five Naira). This represents 11% of the total budget. Full details shall be presented by the Honourable Commissioner of Finance and Economic Planning during the budget analysis.
Information Services
Distinguished Honourable Members, as a mark of our commitment to the effective dissemination of information in the State, this administration shall ensure that the Broadcasting Service of Ekiti State come on Air before the end of the out-going year. This administration shall also continue to support other media Houses in the State. A total sum of N1,213,000,000.00 (One Billion, Two Hundred and Thirteen Million Naira) is earmarked in the 2011 capital projects in the Information Sub-sector.
(a) Broadcasting Service of Ekiti State (BSES)
It is the view of this administration that the output of BSES is sub-optimal. This is however not a reflection of the quality of personnel, and the pedigree of our Ministry of Information, Communication and Strategy. It is our objective to restructure this organization to take its place as a veritable platform for information dissemination, and revenue generation for Ekiti State. In setting BSES on the path of self-sustainability and viability, the sum of N600,000,000.00 (Six Hundred Million Naira) has been set aside for the procurement of vital equipment for its operations.
(b) Ministry of Information, Communication and Strategy
Information is power! It is our aim to ensure we strengthen the Ministry of Information and Civic Information to fulfill their mandate of keeping the citizenry informed about their civic obligations as well as the programs and policies of the government.
We shall also upgrade the Government Printing Press, with a view to ensuring viability and patronage, not only by government agencies, but also the burgeoning private sector in the state.
(c) Sports Development
Sports development is paramount on the agenda of this administration. We shall bring back the glorious days of exciting sporting activities all round the year, as a way of engaging our youth and bringing glory to the state in National and International competitions.
In view of this, the total sum of N350,000,000.00 (Three Hundred and Fifty Million Naira) is being set aside for this sector in the next fiscal year. N170,000,000.00 (One Hundred and Seventy Million Naira) shall be devoted to the completion of Oluyemi Kayode Stadium, while another N20,000,000.00 (Twenty Million Naira) shall be set aside for the Sports Academy and the construction of Lawn/Table Tennis Courts. Indoor Sports Hall at Oluyemi Kayode Stadium shall also be up-graded at a sum of N20,000,000.00 (Twenty Million Naira). This administration shall also rehabilitate Ikere, Ijero and Ikole Stadia. Ultimately, this administration is still desirous of having an Olympic standard stadium, and we shall make this possible as soon as practicable.
We shall also reinvigorate the school sports system within the year with a view to heightening healthy rivalry among schools in Ekiti State.
(d) Women Affairs/Youth Empowerment
In line with our commitment to gender equality and youth development, this administration shall give priority to Women and Youth activities in Ekiti State in the year 2011. Our women shall be given the required logistics and support to strengthen existing gender based programmes, while developing new programmes aimed at empowering and protecting the interest of the women of Ekiti State. Working with development partners within and outside Ekiti State, we shall ensure that issues such as gender based violence against women, work place and all other forms of discrimination against women, shall be reduced to the barest minimum.
Our youth are the blocks on which our future is built. We plan to attract major youth empowerment programs to Ekiti State in 2011, and also develop avenues for productively engaging our youth through competitive activities such as debates, quizzes e.t.c. This administration shall also encourage the discovery and promotion of talent by Ekiti indigenes.
A total sum of N152,000,000.00 (One Hundred and Fifty Two Million Naira) has been set aside in the 2011 budget for women and youth development programmes in the State.
(e) Social Security Scheme
As part of our commitment to provide adequate safety nets for disadvantaged people in Ekiti State, this Administration has made a provision of N1,520,000,000.00 (One Billion, Five Hundred and Twenty Million Naira) for social security grants to less privileged senior citizens in the State, who are of age 65 and above. In line with this, we have already directed the various Local Government administrators to embark on record collection of eligible senior citizens in the respective local governments.
(f) Multiple Birth Trust Fund
To further ameliorate the financial burden associated with multiple births, this administration shall set up a dedicated fund to support affected parents. This initiative is aimed at providing immediate succor to parents with a view to giving the children a good chance of survival.
ENVIRONMENTAL SECTOR
This administration shall vigorously pursue a cleaner and more aesthetically appealing environment across the state. The Environmental Sector shall receive adequate attention in year 2011. To this end, a sum of N3,077,000,000.00 (Three Billion and Seventy Seven Million Naira) or 7.66% is allocated for capital expenditure in the sector in year 2011.
We have also earmarked the sum of N2,000,000,000.00 (Two Billion Naira) as critical intervention funds for the redevelopment of Ado-Ekiti into a model city, and a State Capital of our dream.
GENERAL ADMINISTRATION
Mr. Speaker and distinguished Honourable Members, the General Administration has always been responsible for the central co-ordination of all government activities in the State. It is therefore very important that we do not underrate the roles and function of the department in ensuring the smooth coordination of government activities as we enter the New Year. The total allocation for the Administrative Sector is N8,786,725,488.61 (Eight Billion, Seven Hundred and Eighty Six Million, Seven Hundred and Twenty Five Thousand, Four Hundred and Eighty-Eight Naira and Sixty-One Kobo). This represents 21.88% of the total capital budget.
In order to reduce overhead cost and ensure standardization of procurements, this administration has put in place a new policy of purchasing furniture, office equipment and vehicles centrally.
Internal Security
Right Honorable Speaker and Distinguished Members, our administration is pleased with the atmosphere of relative peace, law and order that prevailed in the State in the out-going year. This was made possible by the efforts and determination of the law enforcement agencies who were always on the alert.
Our Royal Fathers were also supportive as they ensured that peace reigned supreme in their respective domains. Further efforts will be made in the coming year to make the State crime free. Our administration will within its limited resources, provide logistics for our law-enforcement agencies, to enable them perform optimally. It is also our intention to set up the 'Rapid Security Monitoring Unit' with the assistance of the Nigerian Police Force, aimed at improving the security of lives and property in Ekiti State. I enjoin the peace loving people of Ekiti State to volunteer useful information to the law enforcement agencies so as to guarantee the security of lives, investment and property.
The Legislature
I wish to express my sincere thanks and appreciation to this Honourable House for laudable achievements recorded so far. This administration welcomes the support of this Honourable House, in collaboratively building a model State of our dream. Consequently, we shall continually accord the house due respect at all times.
A total Budget of N1,828,870,197.00 (One Billion, Eight Hundred and Twenty-Eight Million, Eight Hundred and Seventy Thousand, One Hundred and Ninety-Seven Naira) is allocated for both the recurrent and capital expenditure of the House in 2011.
It is my pleasure to also state, that the 2011 budget has made provision for the completion of the House of Assembly Complex.
The Judiciary
This administration is very conscious of the importance of the Judiciary as the third arm of Government. Adequate funding shall be given to the Judiciary to make it function more effectively. A total sum of N1,120,000,000.00 (One Billion, One Hundred and Twenty Million Naira) is allocated for both the recurrent and capital expenditure of the Judiciary in the next fiscal year.
CONCLUSION
Mr. Speaker Sir, Honourable members of this distinguished house, the budget I have just presented represents the plan, policies and programmes that our administration has designed to achieve the collective aspirations of the good people of Ekiti State in the year 2011. I want to assure you that our administration will do everything possible to ensure that this budget is faithfully implemented. The Honourable Commissioner for Finance and Economic Development will give further detailed analysis of the budget as soon as the document is passed by this Honourable House.
Based on the aforementioned lofty objectives and the need to build on the gains of democracy that we are currently enjoying, it is my honour and pleasure to christen the 2011 budget as "BUDGET OF RENEWAL". It is our prayer that God in His infinite mercies will guide us through the implementation of the budget so that there will be delivery of more public goods and services to the good people of our State.
THANK YOU AND GOD BLESS YOU ALL.
DR. JOHN 'KAYODE FAYEMI
GOVERNOR
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