The Yr 2025 Finances tagged “Finances of Hope and Prosperity ” was introduced on Thursday tenth April 2025 on the ground of the Legislative Chambers by the Government Chairman of Abeokuta North Native Authorities, Dr. Lanre Oyegbola Sodipo to the members of the Legislative Council underneath the management of Hon. Moruf Erubami
Presenting the price range, Dr. Lanre Oyegbola Sodipo acknowledged that certainly, at this time’s occasion was a testomony to the collective efforts in participatory governance. Whereas reflecting on the Yr 2024 price range, the Council Boss emphasised on the price range efficiency which has been passable because it included the best way ahead in setting a benchmark for higher efficiency.
Talking additional, the council chairman highlighted the laid down program for the event of Abeokuta North Native Authorities as a part of his cardinal program in varied sectors; in infrastructure, safety, talent acquisition, serene atmosphere amongst others aimed toward enhancing companies.
Dr. Lanre Sodipo defined that the mixture projected income within the 12 months 2024 was #6, 145, 479,928.22k as at October thirty first 2024 a sum of #5, 494,276,60.45k from federation account, characterize 94% whereas #170,98,588.27k characterize 59% of the IGR of 12 months 2024., #1,041,488,1399.38k as personnel value overhead value was #512,965,188.50k cash despatched on capital initiatives #5151, 537,558.99k whereas #3,826,54,412.34k spent on consolidated fund fees.
He famous that the 2025 proposed expenditure consists of capital expenditure #1,389,000,000.00k amounting to 13.2% as salaries and allowance #1234,393,947.52k as consolidated fund fees #4,015,000,000.00k
The Chief of the Legislative Council, Hon. Moruf Erubami whereas appreciating the Government Chairman, acknowledged that certainly the efficiency of the administration for the reason that inception of this tenure has been exemplary. Whereas calling on all to diligently discharge their duties as governance is a collective effort, the Chief of the Council assured the Government arm of their continued cooperation in direction of a higher Abeokuta North Native Authorities.
This Yr’s proposed price range will probably be generated from the Federal Account Allocation Committee (FAAC), Inner Generated Income and the State Coordinated Income. It holds excessive prospects for the nice folks of Abeokuta North Native Authorities, as this administration will proceed to pursue folks oriented programmes for the advantage of all.
