Governor Lucky Aiyedatiwa of Ondo State has signed into law the supplementary budget for 2024, towards meeting the new financial commitments of the state government
The supplementary budget of N96,788, 100, 000 (Ninety-six billion, seven hundred and eighty-eight million, one hundred thousand naira), as approved by the State House of Assembly, was signed by the Governor at the Executive Council Chambers of the Governor’s Office on Tuesday.
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). This is made up of recurrent expenditure of N246,727,852,786 and capital expenditure of N245,317,247,214.
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.
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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 on their diligent efforts on the bills.
Speaking at the event, the Speaker of the House of Assembly, Rt Hon Olamide Oladiji, said commended the leadership style of the Governor and the various milestones he has achieved since assumption of office.
Oladiji said, “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.”
