The Ondo State Governor, Fortunate Aiyedatiwa, on Tuesday, introduced a N655.230 billion proposal for the 2025 finances to the state Home of Meeting.
Dubbed the ‘Funds of Restoration,’ the proposed finances allocates N248.92 billion for recurrent expenditures and N406.307 billion for capital initiatives.
Whereas presenting the finances to the Meeting members, Governor Aiyedatiwa urged the home to provide the 2025 finances proposal a radical consideration, assuring that his administration would decide to its environment friendly implementation.
The governor defined that after fastidiously contemplating numerous financial indicators and assumptions, it’s projected that the state’s income will improve in 2025 in comparison with 2024. Thus, the proposed finances for the upcoming fiscal yr stands at N655.230 billion.
“Mr. Speaker, distinguished honourable members, now we have aptly named the 2025 finances the ‘Funds of Restoration.’ Our dedication to bettering the standard of life for our individuals stays unwavering.
“This aligns with our marketing campaign promise in the course of the just lately concluded Ondo State governorship election on November 16, 2024, the place we secured an unprecedented victory throughout all 18 native authorities areas of the state,” he acknowledged.
He added, “We’re resolute in our willpower to harness the financial reform agenda of the Federal Authorities as encapsulated in President Bola Tinubu’s Renewed Hope Agenda, together with the super goodwill and entrepreneurial spirit of our individuals. Our objective is to drive a significant financial upturn within the new yr.”
In his remarks, the Speaker of the Meeting, Mr. Olamide Oladiji, counseled Aiyedatiwa for his achievements, which contributed to his resounding electoral victory.
He assured the general public that the finances can be scrutinised rigorously to make sure it positively impacts each citizen.