Ondo Governor, Aiyedatiwa, Signs N395bn 2024 into Law
Ondo State governor, Lucky Orimisan Aiyedatiwa on Friday signed the 2024 appropriation bill into law.
Aiyedatiwa had on 21st December, 2023, presented the 2024 Budget estimates of N384b, christened Budget of Economic Resilience, to the State House of Assembly for legislative consideration as then the acting governor of the state.
Speaking during the signing of the budget into law as the new governor of the state, Aiyedatiwa appreciated the House for painstakingly considering the budget and passing the same into law.
According to the governor, “I must thank Mr. Speaker, the Deputy Speaker, the Chairman and Members of House Committee on Appropriation and all Honourable Members for the detailed scrutinization and prompt passage of the 2024 Appropriation Bill.”
He further stated that “ After extensive deliberation involving interface with all MDAs and the Judiciary, the size of the approved Budget for 2024 stands at N395,257,000,000.00 only.
“Out of this amount, a sum of N222,259,827,500.00 only, representing 56.23% is for Capital Expenditure while a sum of N172.997,172,500.00 only, representing 43.77% is to cover the Recurrent Expenditure.”
Aiyedatiwa assured that his administration will put its shoulder to the wheel to implement the 2024 budget with the required probity and transparency it deserves.
His words:” In pursuit of this, the 2024 Budget details will be made available on the Ondo State portal www.ondobudget.org, for access and monitoring.
“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 which must be sustained.’’