Akeredolu’s Prudence Has Stabilised Ondo Financially – Commissioner

Ondo State commissioner for finance, Mr. Wale Akinterinwa, says Governor Oluwarotimi Akeredolu’s prudent management of resources had helped to stabilise the state financially.

Akinterinwa said the stabilisation of the state financially, had also helped in ensuring that salaries of workers were paid as when due.

Speaking with LEADERSHIP in Akure, the state capital, the commissioner said several lost funds had been recovered into the state government’s coffers and accrued interest paid.

Akinterinwa said several billions of naira had been mobilised into the state to fund infrastructural  and other financial needs.

According to him, the assemblage of a think tank team led to an increment in Internally-generated Revenue (IGR) surpassing budget in all years since the inception of Akeredolu’s administration.

The commissioner, who listed the achievements recorded since 2017, said the restructuring of the old bond was carried out to free more cash for government spending besides raising another N30 billion from both the capital market and private placements.

He said Governor Akeredolu paid six months out of the outstanding seven months’ salary arrears inherited from the previous administration, as well as the payment of several billions in pension and gratuity arrears.

His words, “We have surpassed our IGR budget with several billions of naira and revamped the Land Use Charge for improved revenue generation. The government’s investment portfolio was restructured for capital gains and increased revenue generation.

“There have been effective and efficient management and allocation of government resources even as we improved efforts to source for cheap funds in the form of grants, donations and loans from donors, and development partners.’’