Ondo state governor, Rotimi Akeredolu has presented a budget proposal of N272.736 Billion to the Ondo State House of Assembly for 2023.
The budget tagged “Budget of Shared Prosperity” was presented to the lawmakers during a plenary sitting presided over by the Speaker of the House, Bamidele Oleyelogun, on Monday.
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Akeredolu said N143.511 billion was budgeted for capital expenditure and the remaining N129.224 billion for recurrent expenditure.
The governor disclosed that the budget was prepared on the basis of the inputs garnered during Town Hall meetings held with various stakeholders across the state.
He also revealed that the budget was tailored towards achieving the agenda of his administration in line with the Sustainable Development Goals (SDGs).
Akeredolu said all the projects in the budget were carefully selected to cut across all major areas of environment, education, health, infrastructure, and security among others.
The governor promised to properly utilize the budget to put the state realize its full growth potential.
He said, “Notwithstanding the present climate of uncertainty, we are steadfast in our resolve to pit the economy on the sustainable path to realize its full growth potential. By the grace of the Almighty God, we shall leave no stone unturned as we continue to build a strong, vibrant, and resilient economy, powered by good governance and people -centered programme.”
