The Ondo State government, led by Acting Governor Lucky Aiyedatiwa, has revealed its final budget for the current administration, which it christened the “Budget of Economic Resilience.”
The N384.533 billion proposal, presented to the State House of Assembly, focuses on infrastructure development, human capital, and revenue generation.
The budget prioritises infrastructure with
N95.4 billion allocation. Agriculture receives N31.8 billion, with Education getting N47.7 billion.
Meanwhile, N82.4 billion is earmarked for public finance.
Aiyedatiwa said, “The current national and global economic realities point to reason why we must consciously and programmatically re-arrange our fiscal priorities to target the growth drivers of our economy so as to quickly fix and reflate the economy, to keep it afloat.
“We are aware of the negative impacts of fuel subsidy removal and floating exchange rate on the people. All these are put into consideration while projecting for expenditure in this Budget.
“We have made a reasonable increase in the Personnel Estimates to cover the imminent wage increase for workers. We will also continue to roll out palliative measures to cushion the effects of the fuel subsidy removal.
“The impact of climate change is another issue we have resolved to tackle headlong in the coming year. As we all noticed, the duration and intensity of rainfall relatively increased this year and produced huge run-offs and flooding in many of Local Government Areas.”
