Jaiyeola Andrews,
2 November 2009
Abeokuta — Ogun state government said it will not embark on new projects come 2010.
Rather, it would concentrate on the completion of on- going projects, while new ones would only be embarked on where absolutely necessary or with private sector participation.
Governor Gbenga Daniel made this known at the end of the three-day treasury board meeting where ministries, departments, and agencies presented their budget estimates for 2010 and reviewed the performances of the outgoing year.
Daniel said the decision was to ensure that his administration left no uncompleted project at the end of its tenure, while further cutting expenditure to reflect the global and national economic downturn.
He told top government officials who attended the retreat, that the global economic meltdown had significantly affected the performance of this year's budget.
The governor said if the state achieved half of its N100 billion projection , then it would have done well, adding that the budget retreat afforded everybody involved in the governance process the opportunity to look inward and come to terms with the reality of the economic downturn.
He noted that the meltdown has affected government income from all sources , and as such all Minister Departments and Agencies, MDA's must continue to cut expenditure and embark on aggressive revenue generation drive.
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