“These priorities, among others, are what would form the basis of resources allocation in the new fiscal year. These are clearly spelt out in the fiscal strategic statement that has been developed to guide allocation of resources and procedures for preparing the 2022 budget,” AbdulRazaq said at the budget policy direction meeting in Ilorin on Tuesday.
Represented by the Deputy Governor, Kayode Alabi, the governor disclosed that the administration would, in 2022, focus on completion of ongoing infrastructural projects and commencement of new ones. “Attention will be on industrialisation and widening of the state’s economic and revenue base through investments in and support for Small and Medium-scale Enterprises . These huge investments in SMEs, as would be made in the new fiscal year, will create thousands of jobs, widen the tax net, and reduce poverty. These ultimately will lead to economic diversification.”
Adetiba urged the MDAs to ensure that their budgetary lines were verifiable and inclusive in nature, saying the legislature would continue to work with the executive for the benefit of the people.