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”.
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
