Ondo State Governor, Rotimi Akeredolu has signed the 2023 appropriation bill into Law.
The Governor had on December 5 presented a total budget proposal of N272.736 Billion to the State House of Assembly for approval and passage.
The Lawmakers, however, passed a total budget of N275, 979, 184, 000.00 which was signed into law by the Governor on Wednesday.
The House Appropriation Committee led by Hon. Akintomide Akinrogunde said the budget was increased in cognizance of the current economic realities in the country.
Governor Akeredolu, while signing the 2023 appropriation bill into Law noted that N129, 839 billion, representing 47 percent of the total budget is to cater for Recurrent expenditure, while N146,140 billion, representing 52.99 percent is for Capital development.
He stressed that the Budget preparation was also based on the REDEEMED agenda of his administration, which he said was the guide post for development of the state.
The Governor described as heartwarming, the recent ranking of Ondo State as the State with the least poverty index in the country.
