The Commissioner for Finance in Ogun State, Mr Wale Oshinowo, on Tuesday said that the ministry had proposed the sum of N4.1billion as its total expenditure in 2017.
Oshinowo made this known while defending the 2017 budget proposal of the ministry before the Ogun House of Assembly Committee on Finance and Appropriation at the assembly complex in Abeokuta.
The commissioner explained that N3.9 billion was budgeted for recurrent expenditure with N150 million for capital expenditure.
He stated that the ministry generated the sum of N20.2 million between January and October and had proposed to generate N25 million in 2017.
He said that the ministry earmarked the sum of N7.5 million for the purchase of motor vehicles and N7 million for office furniture and fittings.
He added that N5 million was proposed for the repair and rehabilitation of office buildings while N2 million was for purchase of electrical and electronic equipments.
Oshinowo assured that the ministry would formulate financial policies and regulations to facilitate the achievement of the government revenue target and sound management of state’s finances.
He said that the ministry would harness and develop a robust data to assist in planning for the state’s sustainable development and poverty reduction.