Akure, Nigeria
Lucky Aiyedatiwa, the Governor of Ondo State has signed the 2025 Appropriation Bill into law.
The budget tagged ‘Budget of Recovery’ has N433 billion representing 62.06% is allocated as capital expenditure while N265 billion representing (37.94%) as recurrent expenditure.
Aiyedatiwa signed the appropriation bill on Monday at the Exco Chamber, of the Governor’s Office in Akure witnessed by deputy governor, Dr Olayide Adelami, state lawmakers, members of the executive council, and key stakeholders.
Governor Aiyedatiwa described the 2025 fiscal plan, aptly christened the “Budget of Recovery,” as a bold and strategic step towards rebuilding the state’s economy and addressing critical socio-economic challenges.
“This is a critical moment for our administration, one that marks a significant step towards fulfilling the promises we made to the people of Ondo State during the electioneering processes,” he said.
He also stated that his administration is deliberately prioritising capital development, stating, “We have deliberately allocated the higher percentage to capital development to jumpstart the economy and initiate massive infrastructural renewal across the State. The main objective of this budget is to make life easy for our people. This objective is sacrosanct and non-negotiable.”
Governor Aiyedatiwa’s emphasis on the budget reflecting the collective aspirations of Ondo State residents underscores a participatory and inclusive approach to governance.
“The budget reflects our collective vision for the future of Ondo State and demonstrates that when we work together, we can achieve great things for our people,” he added.
The governor noted that the 2025 budget allocates significant resources to agriculture, infrastructure, education, healthcare, security, and social welfare, saying the allocations reflect investments in the lives of the people.
“These allocations are not just numbers on a page; they are proposed investments in the lives and well-being of every resident of our State. It is through these resources that we will continue to create opportunities, improve livelihoods, and build a sustainable future for ourselves and generations to come,” he stated.
He further announced that the budget would be made available on the state portal to ensure accessibility and transparency from January 1, 2025.
“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.
“I want to reassure the good people of Ondo State that our government remains focused on its goals of economic development, achieving sustainable food security, resilient community development, and the facilitation of social inclusion and security,” he affirmed.
