The Governor of Ekiti State, Ayodele Fayose on Monday presented  N80.774bn as  budget for 2015 to the Ekiti State House of Assembly.

The budget which was christened as, “Budget of Reality” was presented to the state lawmakers amid tight security.

All Progressive Congress members where however absent at the presentation of the budget.

The governor while presenting the budget dared the APC lawmakers that any attempt by them to cause chaos in the state would be rebuffed by the people of the state.

Fayose urged the assembly to examine the draft budget and to further articulate the needs of the electorate and appropriate public funds for their realisation

“Why did you (APC lawmakers) go on self-exile? Who drove you to self-exile? Some people elected me, you are less than 30, and you can’t stop the activities of the state. That is impossible,” he said.

Turning to the Speaker, Dele Olugbemi, Fayose said, “Mr Speaker, you are the speaker, I say you are the speaker. I say it again you are the speaker. I’m saying it with the authority of the governor that the power of the people is greater than those in power.

“Any attempt to overrun this house will be resisted by the people of the state.”

In the 2015 proposed budget, a total of N48, 717bn, was allocated for recurrent expenditure while capital expenditure would gulp N31.956 bn.

The Governor stated that the state will no longer “decorate the budget with unrealistic figures.”

The governor, while calling for the expeditious passage of the bill, explained that the budget would be funded by revenue from the federal allocation, internally-generated revenue and other sources.

Fayose, however, said that his government would access N6bn internal loan bond, contrary to his earlier stance that he would not borrow to run his government.

Justifying the decision in an interview with journalists after the presentation, Fayose said, “This is a different scenario. This issue of taking loan from Central Bank of Nigeria is for all states of the federation and a similar one that amount to N3bn are peculiar loans from Federal Government for Small and Medium Enterprises to be able to address borrowing with all these less privileged and market women who could not have access to loan in banks.

“Such loans are unavoidable loans and to stand as guarantee for such people to have access to such loans.

“There is a repayment process that the government must stand as guarantor. And the fact that I said we would not borrow should not be misinterpreted. If you borrow you must pay within your tenure so that you do not involve in financial recklessness for people coming after you.”

the chambers was filled with members of the Peoples Democratic Party members.