OGUN FORESTRY MINISTRY GENERATES N128m IN TEN MONTHS

The Ogun State Ministry of Forestry says it has generated the sum of N128.9m representing 36.85% as revenue as at October 2014.
The Commissioner in charge of the Ministry, Mr. Adebayo Fari, who disclosed this while defending the year 2015 budget before the State House of Assembly Committee on Finance and Appropriation led by Hon. Akanbi Bankole noted that in the coming year, the Ministry planned to spend N1.568bn as total expenditure for 2015.
Of that amount, N389m was being earmarked for personnel and overhead costs, while N1.179bn had been set aside for execution of capital projects.
He also disclosed that next year, his Ministry would ensure food security, provision of raw materials for industrial growth and expansion of Infrastructural facilities for socio – economic development with emphasis on sustainable environment.
The Forestry Commissioner assured that next year, his Ministry would carry out comprehensive inventory of nine Forest reserve in the State starting with Omo and Olokemeji Forest reserves.
In a related development, the Ogun state Forestry Plantation Project (Area J4) intends to establish additional 400 hectares of Teak and Gmelina Plantations as well as 500 hectares of logged area for regeneration and revenue generation purposes.
To achieve this, the plantation plans to spend N284m as its total expenditure in year 2015, of this amount, N134m had been budgeted for recurrent expenditure, while N150m was set aside for capital expenditure.