By Rachael Olokungboye
AKURE – The Governor of Ondo State, Rotimi Akeredolu, is set to embark on the execution of 25 key capital projects across the eighteen local government areas of Ondo State in 2021.
Such projects include the rehabilitation and construction of State highways, the Establishment of a Cancer Treatment Center, the renovation of Schools, the Establishment and Management of the Deep Seaport, and scholarship and bursary awards among others.
In a statement, the Commissioner for Economic Planning and Budget, Emmanuel Igbasan, said “In order to ensure that all the laudable projects in the 2021 budget are well funded and delivered to specifications, their classes of revenues have been distilled out as follows: Federation Account- N57.923Billion, Independent Revenue/Internally Generated Revenue-N28.778Billion, other Revenue Sources – #88.172Billion.
According to ROVER REPORTERS, Igbasan, flanked by the finance commissioner, Wale Akinterinwa and information counterpart, Donald Ojogo explained that out of the 2021 budget of #174.873 Billion, #69.915Billion would be expended on capital projects and #79.084Billion would go for recurrent expenditure.
He further stated “ This Budget is intended to help us realize our collective dreams and aspirations for the state, while working in partnership with the private sector. ”
This news content remains the copyright of TECHNOCRAT MEDIA, to republish, please seek the consent of our News Editor via email@example.com