Ronke Onadeko, the Consultant to the Governor on Agriculture, on Thursday said that the ministry had proposed to spend N5.7 billion on capital expenditure in 2017 to improve agricultural production in the state.
Onadeko disclosed this while defending the 2017 budget proposal of the ministry before the Ogun House of Assembly Committee on Finance and Appropriation at the assembly complex in Abeokuta.
She stated that the ministry had earmarked N419.6 million for the purchase of agricultural equipment while the construction and provision of agricultural facilities would gulp N62 million.
The consultant explained that from the capital expenditure, N108 million would be spent on the production of farm seedlings.
“N165 million will be for cost implications for acquisition and payment of compensation for the 20, 000 hectares of land spread across the three senatorial districts,’’ she said.
She said the recurrent expenditure for 2017 would be N750 million, saying that the total expenditure for 2017 was N6.4 billion.
Onadeko said the expected internally generated revenue was N650 million, adding that the ministry had so far generated N138.5million between January and October.
She said that the revenue were generated from cattle tax, feed millers and vendors’ licence, agricultural/veterinary fees, inspection fees, earnings from agricultural produce and rent on government land.
“We will continue to stimulate increase in the production for both plant and animal origin through the cultivation of farmland, raising of birds and production of table fish by 2017.
“The ministry will facilitate the generation of employment opportunities in agriculture through the development of small, medium and large scale farms and also generate 40 per cent reliable agricultural data by 2017, ” he said.