The Ondo State Governor, Lucky Aiyedatiwa, on Friday, signed the 2024 appropriation bill into law shortly after the State House of Assembly passed the bill into law.
Aiyedatiwa (then an acting governor) presented a sum of N384.5billion to the Assembly last week but the House passed a sum of N 395.257billion, indicating that a sum of over 10 billion was being added to the initial amount presented.
Speaking on the budget, Aiyedatiwa confirmed that the House had painstakingly considered the budget and passed the same, commending them for the detailed scrutinisation and prompt passage of the appropriation bill.
He said, “After extensive deliberation involving interface with all MDAs and the judiciary, the size of the approved budget for 2024 stands at N395, 257,000, 000.00 only. Out of this amount, a sum of N222,259,827,500.00 only, representing 56.23 percent is for capital expenditure while a sum of N172.997,172,500.00 only, representing 43.77 percent is to cover the recurrent expenditure.”
