The budget outlines the developmental priorities of the administration and reflects its commitment to improving service delivery, enhancing infrastructure, and promoting socio-economic growth within Itire-Ikate LCDA. It highlights projected revenues—including federal allocation, state allocation, internally generated revenue (IGR), grants, and other statutory receipts—and allocates resources to critical sectors such as works and infrastructure, health, education, environmental services, agriculture, women & youth development, and administration.

During the presentation, the Executive Chairman Hon. Oluwafemi Odunayo Daniel articulates the council’s achievements in the outgoing year, justifies the new spending priorities, and assures residents of the administration’s determination to provide responsive leadership. The legislative arm then reviews the proposal to ensure alignment with community needs before approval.

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ADVANTAGES OF THE BUDGET PRESENTATION

1. Promotes Transparency and Accountability

• Public presentation allows citizens and stakeholders to see how funds will be generated and spent.
• Helps build trust in government financial processes.
• Encourages responsible use of public resources.

2. Enhances Public Participation

• Residents, community leaders, and civil society organizations are able to contribute to the planning process.
• Aligns developmental priorities with the real needs of communities in Itire-Ikate.

3. Ensures Proper Planning and Fiscal Discipline

• Budgeting provides a clear direction for revenue management and expenditure control.
• Helps departments and units plan their programmes, projects, and activities for the year.
• Prevents wastage and duplication of efforts.

4. Strengthens Legislative Oversight

• The legislative council reviews, debates, and approves the budget.
• Ensures that all provisions meet legal, financial, and developmental standards.
• Checks and balances protect public interest.

5. Facilitates Efficient Resource Allocation

• Funds are allocated to priority sectors based on importance and urgency.
• Infrastructure development, health care, environmental sanitation, and education receive targeted support.

6. Guides Implementation and Monitoring

• The budget becomes a working document for all departments.
• Enables effective monitoring and evaluation of projects and programmes.
• Helps identify performance gaps early.

7. Encourages Economic and Community Development

• A well-designed budget supports job creation, business growth, and investment opportunities.
• Enhances social services, road infrastructure, security, and welfare programmes.

8. Serves as a Benchmark for Performance Measurement

• Provides measurable indicators for assessing government performance at year-end.
• Helps the council track revenue performance and project completion rates.