Gov. Rotimi Akeredolu. Ondo State Governor. |
Ondo State governor,
Arakunrin Oluwarotimi Akeredolu, SAN, on Thursday, 31st January, 2019 signed
the 2019 appropriation bill into law.
The governor said that
the main objective of the budget is to advance the State to the next level
through completion of the ongoing projects across the State.
He said his
administration will continue to take the issue of workers’ welfare seriously
while soliciting the voluntary co-operation of all residents in the State to be
faithful in the payment of their taxes and levies.
Governor Akeredolu who
signed the appropriation bill into law at the Excos Chambers of the Governor's
Office, Alagbaka, Akure, explained that the 2019 budget was prepared on the
basis of the inputs garnered during Town Hall Meetings with various
stakeholders across the State and the 5-point development agenda of his
administration.
According to him, the
5-point development agenda is the major platform upon which the aspirations and
dreams for the State shall be translated into tangible and life transforming
projects or programmes in the 2019 fiscal year.
He said" The 2019
budget, aptly christened the Budget of Advancement, which has just been signed
into Law, has a total size of N193.903 billion
"Of this amount,
N10.369 billion representing 5.3% is for Debt Service; N9.568 billion
representing 4.9% is for Statutory Transfers to OSOPADEC and the 10% share of
Independent Revenue to Joint Account and Allocation Committee (JAAC) of Local
Governments in the State
" The sums of
N83.852 billion and N90.113 billion representing 43.2% and 46.5% are for
Recurrent Expenditure and Capital Development respectively. "
The Governor noted
that the government was not unaware of the challenges posed by inadequacy of
funds to effective and impactful budget implementation.
He pointed that the
challenges faced are not unconnected to the government's inability to grow
Independent Revenue to a level where it can cover most of the state's recurrent
expenditure from funds generated internally.
"It is also
disheartening to note that some Development Partners, in recent times, have
failed to meet up with their terms of agreement." He stressed.
The Governor disclosed
that his administration has resolved to sustain the use of ICT to help drive
independent revenue generation so as to block loopholes.
He said: "Our
administration intends to continue to approach all issues of governance with
the required gravitas. We shall proceed with renewed determination, despite the
stated challenges
"I wish to assure
you that this budget will be implemented, faithfully, in our quest to deliver
the dividends of democracy and good governance to our people
"We will make
sure that we have good value for every naira spent. We anticipate creation of
more jobs for our youths. We shall deepen our engagement in developing
infrastructural facilities.
"Provision of
functional education and qualitative health care services remain our
priorities."
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