Ondo Governor Aiyedatiwa Signs 2024 Budget Into Law

On Friday, the 2024 Ondo state appropriations bill was signed into law by the state governor, Lucky Aiyedatiwa.

Naija News recalls that the appropriations bill was earlier passed by the Ondo State House of Assembly.

Last Monday, Aiyedatiwa gave the Assembly a sum of ₦384.5 billion. But the House did approve ₦395.257 billion.

This meant that more than ₦10 billion had been added to the original amount that was submitted to the State Assembly.

N222,259,827,500.00 was set aside for capital expenditures in the budget labelled the “Budget of Economic Resilience,” while ₦172,997,172,500.00 was designated for recurrent expenditure.

The governor verified that the House carefully reviewed and approved the budget. The governor praised the speaker and members of the state House of Assembly for their meticulous work and quick passage of the appropriation bill.

He said, “After extensive deliberation involving interface with all MDAs and the judiciary, the size of the approved budget for 2024 stands at ₦395,257,000,000.00 only.

“Out of this amount, a sum of ₦222,259,827,500.00 only, representing 56.23 per cent is for capital expenditure while a sum of ₦172.997,172,500.00 only, representing 43.77 per cent is to cover the recurrent expenditure.

“I must put on record that generally, this administration has enjoyed a very cordial relationship with the legislature and this has enabled us to deliver considerably on our promises to our people. This is a good legacy of our dear Arakunrin (Akeredolu) which must be sustained.”