Ondo State governor, Lucky Aiyedatiwa, yesterday, assented to the N698.66 billion budget passed by the legislature for the 2025 fiscal year.
Aiyedatiwa signed the budget in Akure, witnessed by Speaker Olamide Omidiji and some members of the State Executive Council.
The budget, christened ‘Budget of Recovery,’ has N433.622 billion (62.06%) and N265.037 billion (37.94%) allocated to capital and recurrent expenditure respectively.
The governor said 62.06 per cent of the budget was allocated to capital development in order to jump start the economy and initiate massive infrastructural renewal across the state.
This, Aiyedatiwa said, was with a view to provide the needed foundation for desired recovery.
“I wish to reiterate that the main objective of the budget is to make life easy for our people.
“This objective is sacrosanct and non-negotiable.
“It is our administration’s collective resolve to continue to break new grounds that will definitely usher in sustained prosperity for the good people of Ondo State.
“It is with great honour and a deep sense of responsibility that I stand before you today on the occasion of the signing of the 2025 Appropriation Bill into law.
“This is a critical moment for our administration, one that marks a significant step towards fulfilling the promises we made to the people of Ondo State during the electioneering processes,” he said.
Aiyedatiwa also appreciated the people for the unwavering trust and confidence in his administration as evidenced by the votes he got during the November 16 governorship election.
He noted that fiscal discipline, accountability, transparency and full disclosure would be strictly enforced in implementation of the 2025 budget.
Earlier, the speaker expressed happiness that the legislature was able to work and pass the budget within two weeks.
Oladiji also commended the priority attention that the governor had given the economy and infrastructural development in the state. (NAN)
