Ondo State Governor, Lucky Aiyedatiwa, has presented a budget proposal of six hundred and fifty-five billion, two hundred and thirty million naira (N655,230) for the 2025 fiscal year to the State House of Assembly.
The budget, christened the “Budget of Recovery,” was presented to lawmakers during plenary, presided over by the Speaker, Olamide Oladiji, at the Assembly Complex in Akure TODay.
The sum of N248.923 billion, representing 37.99% of the total budget, is allocated for recurrent expenditure, while N406.307 billion, representing 62.01% of the budget, is earmarked for capital expenditure.
The 2025 budget proposal is higher than the 2024 budget, which stood at N395.257 billion.
A breakdown of the budget shows that infrastructural development has the largest allocation with N238.572 billion, representing 36.40%, followed by public finance with N125.456 billion (19%), education with N77.024 billion (11.80%), and agricultural development with N56.102 billion (8.60%).
In his address, Governor Aiyedatiwa expressed gratitude to the people of Ondo State for their overwhelming support during the recent elections and for maintaining peace throughout the electoral process.
He began by acknowledging the legacy of his predecessor, the late Arakunrin Odunayo Oluwarotimi Akeredolu, SAN, CON, emphasizing that the achievements of the past year under his leadership have secured the trust of the electorate.
