Akeredolu presents 272.7bn 2023 budget to Ondo Assembly
Ondo State Governor, Arakunrin Oluwarotimi Akeredolu has presented a budget proposal of N272.736 Billion for the 2023 fiscal year to the State House of Assembly.
Governor Akeredolu presented the budget tagged “Budget of Shared Prosperity” to the lawmakers during a plenary presided over by the Speaker of the House, Bamidele Oleyelogun in Akure.
It will be recalled that the House of Assembly complex was renovated by Governor Akeredolu since it was built in 1979 by the late Pa Adekunle Ajasin-led administration.
Governor Akeredolu said N143.511 billion was budgeted for capital expenditure and N129.224 billion for recurrent expenditure.
The 2023 budget proposal is higher than that of the total projected Budget outlay for 2022 Fiscal year which was N199,282,437 billion.
Arakunrin Akeredolu disclosed that the 2023 budget was prepared on the basis of the inputs garnered during the Town Hall meetings with various stakeholders across the state.
He noted that the bugged was tailored towards achieving the REDEEMED agenda of his administration which is also in tandem with the Sustainable Development Goals (SDGs).
Akeredolu said with the resources available to the State Government, his administration has continued to pursue its developmental agenda in areas of priority.
He commended the Speaker and other members of the House for their passion and timely effort in considering the 2023-2025 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP).
Governor Akeredolu equally thanked the people of the State for their unflinching belief, confidence, co-operation and support for his Administration.
The Governor informed the Lawmakers that in fulfilling the aims and objectives of the 2023 budget proposal, his administration will pursue policy stance that will entrench efficient spending.
The Speaker of the House, Bamidele Oleyelogun, affirmed that the presentation is in tandem with the provision of the Constitution of the Federal Republic or Nigeria 1999 (as Amended).
He noted that the content of every budget, no doubt, has great impact on the life of everybody in the society.