Ondo State Governor, Rotimi Akeredolu on Monday presented a budget proposal of N272.736 billion for the 2023 fiscal year, tagged “Budget of Shared Prosperity” to the State House of Assembly. The 2023 budget proposal is higher than that of the total projected Budget outlay for the 2022 Fiscal year which was N199,282,437 billion.
Akeredolu while presenting the budget to the lawmakers on Monday during a plenary sitting presided over by the Speaker of the House, Bamidele Oleyelogun, said N143.511 billion was budgeted for capital expenditure and N129.224 billion for recurrent expenditure.
Akeredolu disclosed that the 2023 budget was prepared on the basis of the inputs garnered during the Town Hall meetings with various stakeholders across the state saying it was tailored towards achieving the REDEEMED agenda of his administration which is also in tandem with the Sustainable Development Goals (SDGs).
According to him, the projects and programmes carefully selected in the budget cut across critical areas of infrastructure and environment, education, health, social safety-net, security, and industrialisation, among others.
Akeredolu said with the resources available to the state government, his administration has continued to pursue its developmental agenda in areas of priority, adding that the government has been able to record modest achievements across the board in various thematic areas of the REDEEMED agenda.
The Governor listed some of the achievements to include the construction of more than 450km of roads across the state; construction of over 238 blocks of classrooms; provision of 16, 874 sets of pupil furniture and 3,394 Teacher’s furniture; strengthening of Amotekun and other Security Agencies in the State through the provision of operational vehicles and equipment; empowerment of over 9,068 youths through ONDEA; rehabilitation of water supply schemes in Araromi Obu, Oke-Igbo, Oba-Akoko, Idoani, Okitipupa and Ilutitun.
Others are the distribution of over One Million Cocoa seedlings to Cocoa farmers; Omotosho-EpeAjah 330KV D/C Transmission line and Osogbo-Benin 330KV D/C line; regular payment of salaries to State Workers; provision of free maternal health care (Abiyamo/Solayo Scheme) for over 40,000 pregnant women and children; and empowering of 48,761 under the ONDO-CARES Programme.
The governor commended the Speaker and other members of the House for their passion and timely effort in considering the 2023-2025 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP) as well as the passage of the 2022 Revised Appropriation Bill in response to the exigencies of deepening security, infrastructural development and to cater for the vulnerable.
Akeredolu equally thanked the people of the State for their unflinching belief, confidence, cooperation and support for his Administration.
The Governor informed the lawmakers that in fulfilling the aims and objectives of the 2023 budget proposal, his administration will pursue a policy stance that will entrench efficient spending, curb waste, engender inclusivity, and enable excellent service delivery.
“Notwithstanding the present climate of uncertainty, we are steadfast in our resolve to put the economy on the sustainable path to realize its full growth potential.
“By the grace of the Almighty God, we shall leave no stone unturned as we continue to build a strong, vibrant and resilient economy, powered by good governance and people-centred programmes,” he added.
The Speaker of the House, Bamidele Oleyelogun, affirmed that the presentation is in tandem with the provision of the Constitution of the Federal Republic of Nigeria 1999 (as Amended).
He noted that the content of every budget, no doubt, has a great impact on the life of everybody in society.
“lt is a reflection on the journey so far in our conscious effort to collectively work for the upliftment of the welfare of our people in terms of ensuring that developmental projects cut across all segments of the State and are people-oriented.
“As an arm of government, it is another opportunity to examine the fundamental linkages between our past, as a people, present concerns as well as the vision, hopes and aspirations for the future of our State.
“I want to especially appreciate Mr Governor for the total overhauling, renovation and commissioning of our Legislative Chamber equipped with the State of the earth materials and gadgets.
“The ninth (9th) Assembly is particularly proud of you and we are assuring you of our unalloyed loyalty, commitment and dedication to work,” he said.
The Speaker specially commended the Governor for the undiluted attention his administration accorded to every sector of the economy in the State.
He stressed that it is generally acknowledged that the people have indeed witnessed rapid infrastructural development within the last few years, even in the face of very limited resources.
Present at the budget presentation is the deputy governor, Hon. Lucky Aiyedatiwa; members of the State Executive Council led by the Secretary to the State Government, Princess Oladunni Odu; state chairman of the APC, Engr. Ade Adetimehin, and several other top government functionaries.
