Fayemi signs revised Appropriation Bill of N91.128bn into law, appoints special advisers, special assistants, board members

Governor Kayode Fayemi of Ekiti State, on Monday, signed the Revised/Supplementary Appropriation Bill of N91.128 billion into law.
This was in response to the prevailing economic challenges occasioned by unprecedented fall in the price of crude oil and other prevailing economic indices.
Fayemi assented to the Revised/Supplementary Appropriation bill at the Conference Hall, Governor’s Office, in line with the COVID-19 protocol, which permits very few number of attendees with strict observance of physical distancing.
The bill, according to the governor, reflects the downward review of the initial budget of N124.724,869,355.85 to N91,128,996,482.1, representing a 27 per cent reduction in size.
”The revised budget is made up of a recurrent expenditure of N59.63 billion and capital expenditure of N32.65 billion, representing a ratio of 55:35 per cent,” Fayemi explained.
The governor explained that the revised/supplementary budget became expedient as a result of the outbreak of Coronavirus (COVID-19) which “dealt a debilitating blow on our macroeconomic projections”.
He said this made the initial budget which was prepared in the “underlying assumption of relative stability of major macroeconomic parameters” unrealistic.
He said: “The pandemic rendered our economy prostrate with an unprecedented fall in the price of crude oil in the global market.
”The volatility in the oil price coupled with the reduction in oil production and devaluation of the Naira to the Dollar made our revenue projections for 2020 Budget unrealistic.
“To mitigate the effect of the pandemic on our economy, it becomes imperative to review our 2020 budget and prepare a supplementary budget which would be responsive to our time and circumstances.
“Consequently, 2020 budget was put together to ensure that our meager resources was committed to critical areas of the economy, to include Health and Environmental Response, interventions.
“This is with a view to improving the standard of living of the people, ensuring food security in the Agricultural sector, improved the ease of doing business and other multi-sectoral responses,” Fayemi said.
The governor disclosed that the budget was designed to also focus on critical legacy projects, after taking into cognisance of the dwindling revenue accruing to the state from the federation account.
He revealed that the revised/supplementary budget incorporated the guidelines for the State Fiscal Transparency and Accountability (SFTAS) Programme-for-Result,
Fayemi stressed that the current economic situation does not give room for “frivolities” but sacrifice, charging all Ministries, Departments and Agencies (MDAs), and other stakeholders to maintain budget discipline in the execution of the budget.
The governor commended members of the state House of Assembly for expediting action on the passage of the financial bill, saying that the budget is the outcome of a wider community and public engagement.
Earlier in his address, Speaker of the House of Assembly, Mr Funminiyi Afuye, said the revised/supplementary budget was passed by members of the legislature following due consultation with relevant MDAs and other stakeholders in cognisance of the current economic reality of the country as affected by the outbreak of COVID-19.
The brief ceremony was witnessed by the Deputy Governor, Otunba Bisi Egbeyemi; Speaker of the House of Assembly, Mr Funminiyi Afuye; Deputy Speaker, Hakeem Jamiu; Members of the state House of Assembly; Secretary to the State Government, Biodun Oyebanji; Head of Service, Mrs Peju Babafemi, among other stakeholders.
Meanwhile, Fayemi has appointed special advisers, senior special assistants and members of boards of some parastatal-agencies.
In a statement on Monday in Ado Ekiti, the governor said that the appointments were to strengthen government for effective service delivery
In the statement signed by his Chief Press Secretary, Yinka Oyebode, Fayemi said that the appointments were with immediate effect.
He appointed Mr Femi Ige as Special Adviser, Strategy and External Affairs; Mr Bolaji Adeyeye, Senior Special Assistant on Urban Renewal; Wale Ojo-Lanre, Senior Special Assistant on Tourism Development, and Olori Gbemisola Bobade as Senior Special Assistant in charge of Governor’s Office (Community Mobilisation) .
The governor disclosed that the Board of the Ekiti State Water Corporation would have Prof L.O. Ademilua as Chairman and Alhaji Tiwon Bello as member.
The College of Health Sciences and Technology, Ijero has Prof. Kehinde Oluwadiya as Chairman of its Board while Mrs Felicia Ibiloye, Mr Paul Abegunde and Mrs Florence Adeoti are members, according to Fayemi.
He said that the Board of Ekiti State Pensions Commission would have Mr Banji Ojo as Chairman while Messrs Ayana Adams, Ayan Adeleke and Kayode Idiowo would be members.
The State Fiscal Responsibility Board has Mr Alfred Ologuntoye as Chairman and Kemi Olaleye, Mr Lanre Fasuan and Mr Adeniran Alagbads as members, the governor said.
He said that the newly founded Security Trust Fund would be headed by Dr Biodun Arokodare, with Messrs Kayode Omoboya, Akin Olorunloni and Sola Ojo as members.
The Petroleum Products and Regulations Protection Agency is to be chaired by Mr Peter Adekunle while
Messrs Akinniyi Sunday, Akindele Ogungbuyi, Arinka Talabi and Lekan Oyebanji will be members, he said.
The Agency for Adult Education is to be headed by Chief Atejioye while Alhaji Afolabi Fadairo and Mrs Lolu Adejumo are members.
On sports, Fayemi appointed Dr Isaac Ayodele as Chairman, Ekiti State Sports Council while Mr Samuel Dada, Mr Akinlabi Francis, Mrs Osetoba Olusola, Mr Ojo Oluwadare, Mrs Bimpe Adeleke and Mrs Kehinde Olanipekun would serve as members.
The governor also appointed Prof. Segun Ajibola as the Chairman of the Ekiti State Lotteries Commission while Mr Alabi Olusesan and Mrs Olubukola Ajisafe would be members.
The state Urban Renewal Agency has Mr Yomi Ayorinde as board Chairman and Mr Gbenga Omole, Mr Tope Olanipekun and Erelu Dupe Ogundipe as members.