Gov. Akeredolu Signs N181.42b Into Law In Ondo | Nigeria News
Connect with us


News

Gov. Akeredolu Signs N181.42b Into Law In Ondo

Published

Governor Oluwarotimi Akeredolu of Ondo State

Ondo State Governor, Oluwarotimi Akeredolu has today, Tuesday signed the N181. 42 billion 2018 appropriation bill into law.

During the signing of the bill in Akure, the Governor stated that his government would focus moree on capital projects to cater to the huge infrastructure gap in the state.

He expressed concern over the high concentration of past budgets on recurrent expenditure, while noting that it was worrisome as there is low level of development in the state.

Akeredolu promised residents that the budget would improve the course of development in the state and make certain that governance engages majority of the people not employed by government.

The N80.92 billion of the budget, representing 46 per cent, was for capital expenditure while N78.588 billion, representing 43.3 per cent was earmarked for recurrent expenditure.

The 2018 budget was increased from N171.23 billion to N181.42 billion by the State House of Assembly.


Download Naija News App.   Advertise with us.   Send us enquiries and press releases.


Ibukun Josephine Bankole was a Senior Associate at Naija News. A Mass Communication graduate, Ibukun is passionate about journalism especially in the areas of health and child related issues. She loves eating beans, singing, acting and giving motivational speeches. Ibukun is meticulous and has a positive approach to life. Contact me via twitter/Instagram @ibukunbankole_

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Open

Close