Economy

JUST IN: Governor Akeredolu presents 2022 budget to Ondo Assembly

Oluwarotimi Akeredolu, governor of Ondo state has presented an N191.6bn budget proposal for 2022 to the State House of Assembly on Tuesday.

TECHNOCRAT MEDIA NIGERIA

AKURE – Oluwarotimi Akeredolu, governor of Ondo state has presented an N191.6bn budget proposal for 2022 to the State House of Assembly on Tuesday.

The governor was represented at the hallowed chamber of the Ondo State House of Assembly by his finance commissioner, Wale Akinterinwa presented the 2022 budget estimates to the members of the house in Akure.

The budget is titled “Budget of Economic Re-Engineering”.

Cover of Ondo 2022 Budget

The Governor said “the 2022 Budget projections represent an increase of 9.59 percent over the 2021 budget, hence, the expansionary measures being pursued in 2022 is carefully weighed option to weigh-in into the resultant fiscal resurgence envisage in 2022.

The Governor noted that in 2022, the government would leverage resources to source N44.000 billion from the financial market in order to accelerate the pace of development and job creation in the state.

In the budget, a total sum of N79.621 billion has been budgeted for capital expenditure, N102.106 billion for recurrent expenditure, representing an increase of 7.15 percent over the 2021 recurrent expenditure budget.

Responding, the Speaker, Bamidele Oleyelogun commended Governor Akeredolu for various ongoing developmental projects across the state and handed over the budget proposal to the House Committee on Finance and Appropriation.

The Chairman, House Committee on Finance and Appropriation, Sunday Olajide who appreciated the timely presentation of the budget proposal promised speedy attention to its passage.

POSITIVE FM, AKURE

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Politics

President Bola Ahmed has mourned the death of the governor of Ondo State, Rotimi Akeredolu.

BREAKING

Rotimi Akeredolu, Governor of Ondo state is dead after a prolonged battle with the deadly Leukemia.

Politics

The operatives of the Nigerian Police and the Department of State Security Service (DSS) have sealed up the state secretariat of the Ondo People’s...

Politics

The Peoples Democratic Party (PDP) says Rotimi Akeredolu, governor of Ondo lack respect for the people of the state for staying in Ibadan, Oyo...

Legislature

Olamide Oladiji, the speaker of the Ondo State House of Assembly (ODHA), has taken the delivery of twenty-six new official cars for the members.

Entertainments

Big Brother Naija (BBNaija) reality show season seven will begin on July 23, according to Multichoice Nigeria.

Copyright © 2018-2024 DailyAgent, All Rights Reserved

Exit mobile version