Ondo State Governor, Rotimi Akeredolu, has signed the N275 billion 2023 appropriation bill into Law.
Governor Akeredolu, while signing the 2023 appropriation bill into Law at the Exco Chambers of the Governor’s office in Alagbaka, Akure on Wednesday, said N129, 839 billion which is 47 percent of the entire budget is to cater for Recurrent expenditure, while N146,140 billion, representing 52.99 percent is for Capital development.
According to the governor, the Budget preparation was based on the redeemed agenda of his administration, which he said was the guidepost for the development of the state.
Reacting to the ranking of Ondo state by the Bureau of Statistics, in collaboration with United Nations Development Programme (UNDP), United Nations Children’s Fund (UNICEF) 2022 Multidimensional Poverty Index of States in Nigeria, the state with the least poverty index in the country, the governor said it is a testament of the good job being done by his administration.
Governor Akeredolu also assured that his administration will strive to logically implement the 2023 budget to the letter.
“In line with the global best practices, we have strategically cut down the overhead costs and other miscellaneous expenses to free funds for Development Programmes and Projects.
READ ALSO: Keke Owners Attack LASTMA In Ojota
“In broad view, the 2023 Budget packaged is made up of transformative infrastructural projects, inclusive social-economic interventions in healthcare, education, job creation and empowerment, industry enablers, among others, for our state.
“I solicit the understanding of the people of the state and enjoin them to pay their taxes. I also solicit the support of all the MDAs, particularly the revenue-generating ones to cooperate with the State Internal Revenue Service in order to shore up the State’s Independent Revenue that will engender growth and development in the coming fiscal year.” He said.
Governor Akeredolu had earlier presented a total budget proposal of N272.736 Billion to the State House of Assembly for approval and passage.
The Senate, however, passed a total budget of N275,979,184,000 which the governor signed into law.
