Osun Assembly Passes Public Financial Management Bill
The State of Osun House of Assembly has passed the State of Osun Public Financial Management Bill 2020.
This is even as the House of Assembly heard that the two COVID-19 deaths recorded in the state were people who returned to the state from Lagos.
The Speaker, Rt. Hon. Timothy Owoeye at plenary stated that the passage of the bill will encourage transparency and sound management of government funds and assets.
Owoeye also noted that the bill when assented to by the state governor will boost the state’s revenue and ensure the sustainable development of the State.
In his words, “The objective of this bill is to secure and entrench transparency, accountability and sound management of revenue, expenditure, assets and liabilities of the state government of Osun and other public institutions of the state.
“The purpose of the passed bill among others is to effectively and efficiently regulate financial management in the state.
“Undoubtedly, when the bill is assented to by Governor Gboyega Oyetola, it will check the mismanagement of government funds and assets, thereby boosting the state’s revenue and ensuring sustainable development of the state”.
He stressed that the passed bill shall apply to all arms of government of Osun, including ministries, departments and agencies as well as local government councils.
