Ondo state Budgeted N118.990 Billion for Agriculture and Health for the fiscal year
Mimiko at the presentation told the lawmakers that his administration was placing emphasis on completion of on-going projects due to the current economic realities
Speaking on the harsh economic condition in the country, the governor said, “This unexpected turn of events, unfortunately, truncated or slowed down the implementation of several capital projects which were contained in the 2015 budget. Notwithstanding, we made steady progress on Akure Oba-Ile Airport Road, Ondo township road, the Dome among others.”
Of the N118.9 billion estimate, the sum of N68 billion was allocated for recurrent expenditure while the capital expenditure would gulp N50. 990.
Mimiko told the House that the state has been able to make steady progress in the area of Internally Generated Revenue in the last two years, emphasizing that federal allocation would still account bulk of the state’s revenue sources.
He said, “In this wise, our revenue projections have been premised on the macroeconomic assumptions contained in the 2016-2018 fiscal strategy paper of the Federal Government of Nigeria,” he said.
Mimiko declared that he has fulfilled most of the promises “to work for the people and make the state a cynosure of all eyes,” enjoined the people to pay their taxes so that government can have the wherewithal to complete its capital projects.
“As we approach the next gubernatorial election in Ondo State, it is our collective responsibility to sustain the existing economic structures that have enhanced our lives; and sustain the peace that we have all worked together to put in place in Ondo State.“
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