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.