Ondo: Akeredolu presents N159 billion budget for 2021

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Governor Rotimi Akeredolu of Ondo state has presented a budget of N159billion to the state House of Assembly for the 2021 fiscal year.

The Commissioner for Budget and Economic planning, Mr Emmanuel Igbasan who presented the budget on behalf of Governor Rotimi Akeredolu noted that the 2021 budget “is meant to rekindle people’s hope in the  face of very serious social, economic and difficult challenges, triggered by the covid-19.

 

Tagged “Budget of Hope, it has a recurrent expenditure profile of One Hundred and Three Billion, Twenty-One Million, Nine Hundred and Eighty Thousand, Three Hundred and Ninety- Three Naira and Thirty-Four Kobo and Capital Expenditure profile of Fifty-Six Billion Naira, Seven Hundred and Seventy-Four Million, One Hundred and Thirty- Two Thousand, Two Hundred and Sixty- Seven Naira and Thirty -Nine Kobo.

He added that the state had in the last three and a half years embarked on a number of initiatives which have earned her special accolades maintaining that the year 2021 budget will consolidate on the previous achievements through aggressive revenue generation towards ensuring delivery of more democratic gains.

The Economic and Social Sectors have the highest allocation in the 2021 budget estimate.

This, the Governor said is borne out of desire to stimulate the entire economy of the state, create jobs for the unemployed youth and provide care for the less

privileged in the society through the Social Inclusion Programme.

This year’s budget is to be funded through statutory allocation, mineral derivation fund, value added tax, internal revenue, grants, other capital receipts and financing.

Receiving the budget proposal Speaker of the House, Rt. Honourable Bamidele Oleyelogun noted that the year 2021 budget will impact immensely on the lives of the citizenry.

Oloyelogun said that the “budget offers another opportunity to examine the fundamental linkages between our past as a people, the…

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