Business
Ogu/Bolo Budgets N3.2 Billion For 2012 Fiscal Year
The Ogu/Bolo Local Government Council has budgeted the sum of N3,213,470,000 for the 2012 fiscal year.
The council chairman, Hon Maureen Tamuno who presented the budget before the local government legislative assembly last Tuesday at Ogu said that the Budget tagged: “Budget of Acceleration” is 14 per cent higher than that of last year.
Hon. Tamuno said that N1,552,270,000 will be spend as recurrent expenditures, while capital expenditure will gulp the sum of N1,661,2000,000.
She said that for this fiscal year, the administration is determined to cut down the cost of governance, stressing that it is against this background that, the council is putting under prudent check the cost of bureaucracy.
According to her, the emphasis for the new fiscal year will be placed on agriculture, manufacturing and craft, rural electrification, transportation and education.
Accordingly, Hon Tanumo said that the free education policy of the council will continue.
“We have proposed to continue with the payment of bursary to students in tertiary institutions, purchase of exercise books for primary school and purchase of SSCE and JAMB forms to eligible candidates,” she said.
The council, she said will also engaged in sports development, repairs/renovation of Ogu multi-purpose hall, amongst others.
The leader of the Ogu/Bolo legislative Assembly, Hon. Idakiri Mary Koninyo said that the budget will be given speedy passage.