Akeredolu, Fayemi, Uzodimma sign 2022 Budgets

Governor Oluwarotimi Akeredolu has signed the 2022 appropriation bill into law with an assurance that the budget will be implemented to further deliver dividends of good governance to the people of Ondo State.

Akeredolu, who spoke at the Cocoa Conference Hall of the Governor’s Office, Akure, yesterday, said the budget would focus on human capital development and infrastructural re-engineering to be achieved through educational advancement and prioritisation of funds allocation to ongoing projects.

According to him, the budget will also be geared towards “intensifying efforts on independent revenue generation, leveraging donor and development partners’ support in funding key intervention programmes, among others.

The 2022 budget has a total of N199.282 billion.

Out of the amount, N13.872 billion, representing 6.96 per cent is for debt service; N13.058 billion, representing 6.55 per cent is for statutory transfers to OSOPADEC, ODIRS and the 10 per cent share of independent revenue to Joint Account and Allocation Committee (JAAC) of local governments in the state.

The sums of N113.315 billion and N85.968 billion representing 56.86 per cent and 43.14 per cent are for recurrent expenditure and capital development.

Also, yesterday, Ekiti State Governor Kayode Fayemi signed the 2022 Appropriation of ₦100, 753,993,241.60K into law with a promise to complete all ongoing legacy projects and consolidate on other achievements recorded in the past three years.

The 2022 “Budget of Legacy and Consolidation” was presented to the governor by the Speaker of the House of Assembly, Funminiyi Afuye, at the Executive Council Chamber, Governor’s Office, Ado Ekiti in the presence of the Deputy Governor, Bisi Egbeyemi, Deputy Speaker, Hakeem Jamiu, and other members of the executive council and the legislators.

The budget with a percentage ratio of 60:40 recurrent to capital expenditure, according to Governor Fayemi, was designed to complete the Ekiti Cargo Airport, Ado-Iworoko section of the Ado-Ifaki Road and renovation of township roads as well as commence construction of farm roads across the state.

The governor added that the budget was also prepared to ensure that enduring legacies are handed over to successive administrations with a clear blueprint of development plans to lift Ekiti into a period of sustained prosperity.

In Imo State, Governor Hope Uzodimma has also assented to the 2022 appropriation bill.

A total of N381. 4 billion was appropriated in the budget christined “Wealth Consolidation and Recovery: The Peoples Budget”. It has 74 per cent capital expenditure, fashioned to expedite rapid development.

The governor commended the Ibe – led leadership of the House of Assembly for their quick response and passage of the bill he presented about a week ago.

He also commended the lawmakers for being “prudent and alive to their responsibility in lawmaking.”

Uzodimma, who promised that the budget would be expeditiously implemented, called for the patience of Imo people as his administration executes its programmes for the development of the state.