As the nation contends with economic challenges occasioned by COVID-19, Ekiti State Government has outlined a number of measures to meet up with the current realities.
To this end Governor Kayode Fayemi, has approved a draft supplementary for downward review of the 2020 budget from the initial N124. 5 billion to N91.128 billion, in tandem with the current economic reality caused by slump in the crude oil prices at the international market.
The governor has also ended the controversy surrounding the appointment of new monarchs in Ekiti by approving the appointment of Prince Iluku Ojo Oluwadamilare Omobire as the new Olomu of Ilomu.
Also approved was Prince Adekunle Adeagbo of the Adifagbade ruling house as the new Oore of Otun-Ekiti , in Irepodun/Ifelodun and Moba local government areas respectively.
However, the Council ordered the suspension of four Kingmakers, and the appointment of seven Warrant Chiefs, to perform the role of Kingmakers in the process of filling the vacant stool of the Onimesi of Imesi-Ekiti, in Gboyin Local Government Area.
The state government said the decline in the global oil prices, has necessitated a fall in revenue accruing to Ekiti from the Federation Account, which brought the reduction of the initial budgetary status by a sum of N33 billion.
A statement on Saturday by the Commissioner for Information, Muyiwa Olumilua, said the government took the action at its virtual State executive meeting held in Ado Ekiti, on Friday.
In the draft supplementary budget, according to the statement, the Personnel costs was to remain at 100 percent while the council approved reduction in overheads by 50 and grants to parastatals by 20 percents.
“The Supplementary Budget proposes an estimate of N91, 128,996,482.01, which is made up of Recurrent Expenditure of N56, 557,958,763.00, and a capital expenditure of N34, 571,037,719.01”.
The council also approved a memorandum on the N 2.5 billion credit support facility for the medical Sector in Ekiti State to be accessed via the Central Bank of Nigeria’s Credit Support Intervention for Health Care sector.
“N2 bn will be expended on financing the State’s Health Care facilities, and acquisition of medical equipment, while N500 million is for the purchase of medical consumables, drugs, and other expenditure of the state medical facilities”.
The government approved the sum of N281, 928,000.00 for the procurement of laboratory equipment for the Ekiti State College of Agriculture and Technology, Isan-Ekiti, Ekiti State.
“This was based on the refusal of the Kingmakers to act on the list submitted to them by the Agunsoye Ruling House, thereby stalling the process to fill the stool which had become vacant since 2018. Their appointments take immediate effect “, the statement said.
The council approved the operation of an Independent Power Plant (IPP) to reduce costs being incurred by government by a sum of N276 million yearly and ensure 24 hours power supply to Ekiti State Government House, Governor’s Office, State Secretariat, Ekiti State Specialist Hospital, Ekiti State University and to power the street lights in the state capital.
The power plant, according to the government, is expected to take off in nine months.