Fayose Governor presents 2017 budget, promises to pay N5,000 to 10,000 people

The Ekiti state Governor, Ayo Fayose has promised to pay N5,000 to 10,000 Ekiti people as part of the state’s social security scheme.

Fayose said this while presenting the 2017 budget, which he tagged: Budget of Higher Height, to the state House of Assembly.

The Governor also revealed that the state could not achieve more than 89% of its budget projections because of the economic hardship in the country.

 Fayose said ”The performance of the budget is a reflection of the state of the Nigerian economy. It must be noted that Ekiti State is not immuned to the shocks and depression of the national socio-economic scene. It is no longer news that the economy of the nation is in trauma and this had impacted negatively on the finances of the state.”

The budget items presented reveals that recurrent expenditure is ‎N55.02 billion which is 59 percent of the budget, while ‎Capital Expenditure is N38.42 billion or 41 percent of the estimates, Daily Post reports.

The Speaker of the Ekiti state Assembly, in his response, commended the Governor for judiciously managing the state’s resources.

Governor Ayo Fayose had earlier described himself as the Real Change in Ekiti state.