Ministry of Economic Planning, Budget And Development, State of Osun

state of the virtues

BRIEF HISTORY OF THE MINISTRY

In 1991, when Osun State was carved out of the old Oyo State, there existed the Office of Planning and Budget (OPB) which was responsible for the coordination of Budget for all Ministries, Departments and Agencies and (MDAs) in the State, preparation of annual Budget and Monitoring of its implementation in line with the approval State Development plans and policies. Over the years, the Budget and Planning functions were separated into two different agencies of Ministry of Finance and Economic Development (MF&ED) and the Central Economic Planning Office (CEPO) respectively.
However, the need for convergence of Budget and Planning led to the creation of Office of Budget & Economic Planning (OBEP) in the last quarter of the Year 2013 by the Administration of Ogbeni Rauf Aregbesola. Further to this, the restructuring exercise carried out in January 2016 which reduced the State’s Ministries to twelve (12) changed the structure of the Office of Budget & Economic Planning to a full-fledge Ministry called the “Ministry of Economic Planning, Budget and Development”
The Ministry was established to be a service oriented and specialized outfit, charged with the responsibilities of advising Government on policies coordination of programmee and activities that will fast-track the State development in line with the 6-point Integral Action Plans of the present Government and the State Development Plans (SDP).

Organogram

RESPONSIBILIITIES

  1. Dealing with the preparation and formulation of annual Budget of the State       and other budgetary matters generally;
  2. Monitoring and reporting on budget performance indices periodically;
  3. Instituting policy thrusts and monitoring timely collection of all revenue of the State as well as ensuring and monitoring timely collection of all revenue accruing to the State;
  4. Rendering Advisory Services to Local Government Councils, Local Council Development Areas, Area Councils and Administrative Offices Budget;
  5. Preparation Supplementary of Budget Estimates if and when necessary;
  6. Ensuring and Implementing Budgetary Controls and issuing budgetary instruction to MDAs;
  7. Liaising with the Ministry of Finance on Budgetary, Economic and Financial matters
  8. Preparation and implementation of MTEF
  9. Liaising with the Ministry of Budget and National Planning on Matters and preparing Development of the economy and facilitate the achievement of higher standard of living for the people;
  10. Carrying out periodic review of projects and programmes in the plan in order to ensure conformity with laid down objectives and feasibility reports on projects so as to determine their social and economic viability ;
  11. Coordination of all Technical Assistance Programmes and liaising with the appropriate Federal Government Agencies and Development Partners towards smooth execution of programmes and coordinating the activities and programs of Development Partners
  12. Carrying out period inspection visits to sites/locations of on-going projects in the Development plan with a view to identifying bottlenecks in plan implementation and advising Government on how the bottlenecks could be minimized or eradicated;
  13. Formulating and advising the State Government on policies that will promote the social-economic development of the State and coordinating State policies, including the State Programmes on Food and Nutrition;
  14. Drawing up, at stated periods, the State Economic priorities and programmes and mapping out the implementation strategies; and
  15. Enhancing the efficiency of public sector spending and monitoring the State Economic Management.

Vision

To promoting quality service delivery and good governance in the State through an efficient and effective mobilization, allocation and use of resources of the State on development programmes/projects for socio-economic transformation of the State.
To become the agency that plan, guide and facilitate growth and development of the State economy through efficient and effective motivation, allocation and utilization of resources that ensure services delivery and good governance thus transforming the State of Osun to become one of the economically stable in the Federation.

Mission

To ensure that socio-economic policies and plans are properly formulated and implemented through prudent and equitable management of the State’s resources.