Governor Lucky Aiyedatiwa of Ondo State recently signed the 2025 appropriation bill into law, officially known as the “Budget of Recovery.”
This significant budget, totaling N698.6 billion, aims to address the pressing needs of the state.
With the State House of Assembly’s approval, the budget allocates N433.622 billion, or 62.06%, for capital expenditure, while N265.037 billion, representing 37.94%, is designated for recurrent expenditure.
This strategic allocation reflects a balanced approach to both development and operational needs.
During the signing ceremony in Akure, Governor Aiyedatiwa emphasized that the budget reflects the hopes of Ondo State’s people.
He expressed confidence that it addresses their aspirations and will lead to the state’s development and growth.
He stated, “The budget reflects our collective vision for the future of Ondo State, demonstrating that when we work together, we can achieve great things for our people.”
The governor emphasized key sectors that will receive focused attention, including agriculture, infrastructure, education, healthcare, security, and social welfare.
He passionately declared, “These allocations are not mere numbers; they symbolize investments in the lives of every resident in our state.”
Additionally, Aiyedatiwa emphasized that this budget seeks to create opportunities, improve livelihoods, and foster sustainable development for all generations.
He conveyed a sense of optimism about the positive impact the budget will have on the community.
The governor made an important announcement regarding the 2025 budget. It will be accessible to the public online.
Starting January 1, 2025, citizens can view the budget on the state’s official budget portal for transparency.
He reassured the public, stating,
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“The 2025 budget is a tool for achieving the O’DATIWA O’DIRORUN (OUR EASE) goals, and we will ensure its implementation is done with utmost responsibility and efficiency.”
Moreover, Aiyedatiwa reiterated his administration’s commitment to fostering economic development, ensuring food security, building community resilience, and promoting social inclusion.
His vision reflects a holistic approach to governance that prioritizes the well-being of all citizens.
The Speaker of the Ondo State House of Assembly, Rt. Hon. Olamide Oladiji, praised the governor for his unwavering dedication to advancing key sectors of the state’s economy.
He noted the budget’s increase from N655.230 billion to N698.659 billion, showing the administration’s commitment to state needs.
Oladiji commended the governor for his efforts in implementing significant legislative measures like the Agriculture Law and Transparency Law.
He also highlighted the importance of the Building Plans Law and Anti-Land Grabbing Law in supporting progress.
He described these initiatives as significant milestones that promote economic growth, good governance, and social justice.
In closing, Oladiji urged all stakeholders to unite in ensuring the effective implementation of the budget and other transformative initiatives.
He reaffirmed the Assembly’s support for the governor’s developmental agenda, emphasizing the importance of collaboration in achieving shared goals.
Overall, the 2025 budget drives growth and sustainable development across Ondo State, signaling an exciting new phase of recovery and progress for the community.
