Ondo State Governor, Arakunrin Oluwarotimi Akeredolu,SAN, has signed the 2020 appropriation bill into law.

Education has the largest percentage of the budget provision, followed by infrastructure.

The Governor said the 2020 budget christened ‘Budget of Growth’, passed by the State House of Assembly, provides for aggregate expenditures of N187,858,525,273.00.

He said the amount is divided into N10.508 billion, representing 5.6% for Debt Servicing, N14,180 billion representing 7.6 % as Statutory Transfers to Ondo State Oil Producing Area Development Commission (OSOPADEC), Ondo State Internal Revenue Service (ODIRS) and 10% share of Independent Revenue to Joint Account and Allocation Committee (JAAC) of Local Governments in the State.

According to the Governor, the sums of N82.700 billion and N80.470 billion, representing 44.1% and42.7% are for Recurrent Expenditure and Capital Development respectively.

Arakunrin Akeredolu explained that the policy directions of the budget are largely the products of the inputs garnered during Town Hall meetings with various stakeholders across the State and the 5-point development agenda (the Blueprint to Progress) of his administration.

The Governor, who identified unavailability and inadequacy of required funds as one of the key challenges to budget implementation, said his administration has designed many ingenious and innocuous ways of bringing in more prospective payers into the tax net.

He said: ”One of the key challenges to budget implementation is unavailability and inadequacy of required funds. This is as a result of the recurring dwindling Ondo State’s share of the Federation Account. This is occasioned by a fall in oil revenue which incidentally, and regrettably too, provides over 80% of the country’s revenue receipts.

“The Independent Revenue, even though has increased substantially since the inception of our administration, has not grown to the level of delivering the State from depending on Federal Transfers.”

The Governor called on the good people of the State, both in the public and private sectors, Donor Partners, Non-Governmental Organisations (NGOs), Civil Society Organisations (CSOs), Community Based Organisations (CBOs) and others to join hands with the Government in the implementation, monitoring and evaluation of this budget in order to achieve the desired economic growth that would engender human capital development and emancipation of the people.

Arakunrin Akeredolu thanked members of the state House of Assembly, led by the Speaker, Rt. Hon. Bamidele Oloyelogun for the detailed scrutiny and passage of the budget in record time.

Olabode Richard Olatunde
Special Assistant to the Governor (New Media)
December 31, 2019.

Budget of growth...

I just hoped the 30k minimum wage is included in the budget cos, I think the budget has reduced compared to 2019 own...

BTW, akeredolu needs to step up his game in infrastructures...... (He's trying though)


We ought to be battling with Ogun state with industries, the Oluwa glass company I don't think it has be revived.

God Bless Ondo state

That's my Governor.. Dunno why I just love this man gan .. God Bless you Oluwarotimi Akeredolu

Lalasticlala FP sir

Sammy07:
Budget of growth...

I just hoped the 30k minimum wage is included in the budget cos, I think the budget has reduced compared to 2019 own...

BTW, akeredolu needs to step up his game in infrastructures...... (He's trying though)


We ought to be battling with Ogun state with industries, the Oluwa glass company I don't think it has be revived.

God Bless Ondo state

He has no choice than to approve the minimum wage since he's seeking election,He would do anything to secure the people's confidence

Just in case you need help.

Wehdone sir

That's a whopping $520 million over half a BILLION dollars, if only our politicians utilize funds efficiently and honestly, Nigeria 4 be like heaven.......

God bless Ondo State.
God bless Nigeria.
#Wemove

Lagos and OTHERS

LMAO


Wtf is this na?

Lagos Budget made it look as if Ondo is a local Govt inside Lagos?

.nonsense,Lagos state has just signed 1.17 tiri Lion into law,and you are there signed rubbish.

ENEMYOFGOD6:
.nonsense,Lagos state has just signed 1.17 tiri Lion into law,and you are there signed rubbish.

Lagos is country don't compete with it

Oya na



Need USA used laptop?
Are you in Lagos or Abuja? Pay on delivery.
Check my signature for details

Okay well done Mr Governor

Overpromise to underdeliver

No be afonja again.

Na skull mining funds em go use finance the bill or what

Its funny how a state that earns less than 5bn a month wound present a budget of over 150bn

Budget no mean wealth ooh

Hmmmmmm

Half of it will go for new year re-election campaign exercise

Alvin212:
Overpromise to underdeliver

No be afonja again.

Na skull mining funds em go use finance the bill or what

Ode ....that’s how ur brothers tried to rob a bank with 2 locally mad pistols....awon Omo oloribruku

That's nice

this looks lean compared to lagos state budget... Well lagos is the abroad of nigeria.

Nice one Mr governor, I'm in Owo now and after seeing the development and good road network all over the state, I can't but commend his efforts.. Reduce the tuition fees for Rugipo and AAUA and you have my vote and that of my household.

So far so good.

__________________________________________________________

https://www.youtube.com/watch?v=afEMeSfI5X0

While Lagos is signing#1.7trillion... how much is Nigeria budget sef

Great

God bless you my Governor, I'm proud to be an indigene of Ogho, ori wa a sengwa gedegede ooo Aaaseee