The Oyo State Government has hinted on its plans to commence a multi-linear budgeting process by 2022.
The State’s Commissioner for Budget and Economic Planning, Barr Adeniyi Farinto revealed this during a one-day capacity building on Budget, Monitoring and Evaluation which was held in Ibadan yesterday.
The training, which was for Budget officers of Ministries, Departments and Agencies (MDAs) in the state was to evaluate the immediate past budget (2020) and adequately plan towards the coming year’s budget.
Farinto, who was represented by the Permanent Secretary for Budget and Economic Planning, Mofoluke Adebiyi, noted that the budgeting process has taken a new dimension in Oyo State.
Farinto said Oyo State was almost rounding off on the preparation of the medium term expenditure framework, from which future annual budgets would be derived.
He said, “This means that the introduction of a multi-linear budget will cater for a three years’ budget which will be reviewed from time to time. The budget must be realistic and attainable. Oyo state is the Pace Setters State and this is why all hands must be on deck for the state to catch up with other states ahead and overtake, we must restore the old glory of the State”.
Appreciating Governor Seyi Makinde for opening up the budgeting system and getting the citizens to be involved in the budgeting system preparation, the commissioner explained that the state’s projection is to achieve 75 per cent of the budget implementation.
He noted that no sector can perform without budget and charged the trainees to work diligently to achieve the set target.
