Kehinde Fajobi
Ondo State Governor Lucky Aiyedatiwa on Monday signed the 2025 Appropriation Bill into law, a week after the State House of Assembly approved the ₦698,659,496,000 budget.
The budget allocates ₦265,037,496,000 for recurrent expenditure and ₦433,622,000,000 for capital projects.
At the signing ceremony in the Exco Chamber of the Governor’s Office, Akure, Aiyedatiwa described the 2025 budget, tagged the “Budget of Recovery,” as a strategic move to rebuild the state’s economy and tackle pressing 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,” Aiyedatiwa said.
“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.
“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.”
Aiyedatiwa highlighted key allocations to agriculture, infrastructure, and education, describing them as investments in the lives of Ondo State residents.
He reaffirmed his administration’s commitment to sustainable economic development, food security, resilient community building, and social inclusion.
Speaker of the House, Mr Olamide Oladiji, commended the governor’s dedication to advancing critical sectors.
“The signed budget represents a significant stride in promoting good governance, fostering economic growth, and ensuring social justice across Ondo State,” he said.
The signing ceremony was attended by Deputy Governor Dr Olayide Adelami, lawmakers, executive council members, and other stakeholders.