The Ondo state governor, Lucky Aiyedatiwa, Tuesday presented a budget proposal of 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.
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%).
Additionally, the administration of justice is allocated N132.163 billion (2.80%), trade and industry N8.839 billion (1.30%), health N46.016 billion (7.00%), and environment and sewage management N13.084 billion (2.00%).
Equally, general administration receives N34.398 billion (5.20%), information N3.230 billion (0.50%), legislative administration N7.636 billion (1.20%), regional development N8.869 billion (1.40%), community development N14.128 billion (2.20%), and energy N3.742 billion (0.60%).
In his address, 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.
