Ondo State Governor, Hon Lucky Aiyedatiwa on Tuesday signed the 2024 supplementary budget into law.
The supplementary budget of N96,788,100,000 as approved by the State House of Assembly was signed into law by the Governor at the Executive Council Chambers of the Governor’s Office.
This brings the total budget for 2024 to a total of N492, 045, 100, 000 (Four Hundred And Ninety-Two Billion, Forty-Five Million, One Hundred Thousand Naira) with N246, 727, 852, 786 as recurrent expenditure while N245, 317, 247, 214 was budgeted for capital expenditure.
The supplementary budget captures the payment of the new minimum wage of N73, 000 recently approved for workers by the Governor, as well as the salaries of newly recruited workers across various sectors.
Governor Aiyedatiwa said the supplementary budget reflects the determination of his administration to cater for the welfare of workers and the overall development of the state.
The governor also signed into law the Bill providing for the expansion of the board of the Ondo State Oil Producing Areas Development Commission (OSOPADEC), saying the new law will ensure inclusivity and better equitable representation from the mandate areas.
Governor Aiyedatiwa also signed the Amendment of the Ondo State House of Assembly Service Commission Law, thanking the leadership and members of the House of Assembly for their diligent efforts on the bills.
Speaking at the event, the Speaker of the House of Assembly, Rt. Hon. Olamide Oladiji, commended the leadership style of the Governor and the various milestones he has achieved since assumption of office.
“These giant strides have not only transformed the state in all facets but have clearly demonstrated your vision, capacity, intellectual ability, zeal, passion, direction and a clear understanding of the enormous job ahead.
“I want to on behalf of my colleagues, assure Mr. Governor of our continuous support and cooperation to ensure the success of this administration.
“It is therefore hoped that the implementation of these laws will impact meaningfully on the lives of the good people of the state,” Oladiji said.
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