Aiyedatiwa presents N655 billion 2025 budget to Ondo Assembly

Ondo State Governor, Lucky Aiyedatiwa has presented a budget proposal of N655.23bn for the 2025 fiscal year to the state House of Assembly.

The budget christened “Budget of Recovery” was presented to lawmakers during plenary, presided over by the Speaker, Rt. Hon Olamide Oladiji, at the Assembly complex in Akure on Tuesday.

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.

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 N13.163 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, Governor Aiyedatiwa expressed gratitude to the people of Ondo State for their overwhelming support during the recent gubernatorial election and for maintaining peace throughout the electoral process.

He began by acknowledging the legacy of his predecessor, the late Arakunrin Oluwarotimi Akeredolu, SAN, emphasizing that the achievements of the past year under his leadership have secured the trust of the electorate.

“By the grace of God, we have delivered on our promises, and we now seek to consolidate our gains through the 2025 Budget,” Governor Aiyedatiwa stated.

He further appreciated the state House of Assembly for their dedication, particularly in passing the 2024 Revised Appropriation Bill, which addressed the challenges posed by economic downturn.