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Monday, February 5, 2024

Oyebanji's Administration Excels in Fiscal Transparency and Engages Citizens with 2024 Budget Presentation.

Oyebanji's Administration Excels in Fiscal Transparency and Engages Citizens with 2024 Budget Presentation.
By Olamide Akinwumi. 



Governor Biodun Abayomi Oyebanji's commitment to shared prosperity and transparency has yielded significant results within his first year in office. Ekiti State secured the top position in the Transparency, Integrity Index by the Center for Fiscal Transparency and Integrity Watch (CeFTIW) in October 2023.



In line with the Governor's promise to involve citizens in government activities, the public presentation of the 2024 budget occurred last week. Representing His Excellency, Governor Oyebanji, was the Honorable Commissioner for Budget, Economic Planning, and Performance Management, Niyi Adebayo.



The fiscal document, titled "Budget of Sustainable Growth and Development," aligns with the administration's six pillars to ensure shared prosperity. Adopting a zero-based budgeting approach, the budget serves as a blueprint for realizing the administration's vision, as outlined in the 2024–2026 medium-term expenditure frame (MTEF).


Key Focus Areas of the 2024 Budget:
●Create an Enabling Environment for MSMEs.
●Expand the Revenue Base
●Ensure Civil Servants' Capacity Building.
●Promote Arts and Culture.
●Cushion Fuel Subsidy Effect.
●Create Employment Opportunities.
●Complete Development Projects.
●Tackle Insecurity.



Additional Objectives of the Budget:
●Promote Youths and Women Empowerment.
●Collaborate with Development Partners.
●Instill Good Governance.
●Guarantee Food Security.
●Develop Human Capital Index.
●Stimulate Economic Activities in Ekiti State.

This comprehensive approach underscores the Oyebanji-led administration's dedication to holistic growth, development, and the well-being of the people of Ekiti State.

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