This was sequel to the passage of the budget proposals earlier presented by the Governor to the State House of Assembly in December last year into law. The Assembly, however, jacked the budget size up from N91.007 billion to N91.329 billion, representing an increase of about N322.484.
Speaking after signing the budget into law at the Government House, Ilorin, Alhaji Ahmed described the exercise as another giant stride of his administration towards the desire to bring about share prosperity by putting together a budget of consolidation and development.
He said the budget was designed largely to stimulate the economy of the State so that we could meet with the yearnings of our people in terms of dividends of democracy.
According to him, the budget was designed to support the people in the areas of strong priorities of roads, education and human capital development, health, potable water supply and electricity, adding that it will also have some strong areas of economic development.
“This is a clear picture of defining our concept of share prosperity for growth and development for our people. We sought to drive the budget largely from the yearnings of our people for strong desire to get dividends of democracy and also be part of the global change for growth and wealth creation”, the governor said.
In order to actualize the objectives of the 2012 budget, Alhaji Ahmed disclosed that his administration had put in place the concept of performance contracting which sought to see a process where the budget is broken into action plans, defined by activities that are achievable within the first, second, third and the fourth quarters.
He, however, expressed optimism that the performance contracting would form the basis for assessment of all those who are involved in the implementation of the budget.
While expressing gratitude to the leadership and members of the house for the quick passage of the budget, Alhaji Ahmed assured them that the budget will surely meet the yearnings and aspirations of the people of the State.
Earlier, the Speaker of the State House of Assembly, Barrister Rasak Atunwa, who had commended Governor Ahmed for reducing the recurrent expenditure including that of Government House, said that no single ministry was found to be frivolous and reckless during the budget defence, which he noted made the job easier for them.
The Speaker disclosed further that the slight increase of about N322million in the budget was in the overall interest and development of the State, pointing out that the budget of continuity for development was designed to focus on infrastructural development for the people of the State.
Barrister Atunwa also praised Governor Ahmed for his financial prudence and assured him of the legislators’ continuous support and cooperation to achieve the objectives of the 2012 budget.