Ondo State Governor, Rotimi Akeredolu has signed the 2023 appropriation bill into Law.
Governor Akeredolu had on December 5, 2022, 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 Two hundred and seventy Five billion naira which was signed into law by the Governor on Wednesday.
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Governor Akeredolu, while signing the 2023 appropriation bill into Law said 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.
(Editor : Ena Agbanoma)
