Akeredolu signs Ondo 2021 Appropriation Bill into law


Ondo to construct a jetty — Akeredolu
Rotimi Akeredolu

Gov. Oluwarotimi Akeredolu of Ondo State on Friday signed the  state’s 2021 Appropriation Bill of N174.87 billion into law.

Signing the bill in Akure, the governor expressed hope that the ‘Budget of Hope’ would reactivate the economic life of the state through technical and technological education.

He said that Education had been allocated 19.07 per cent of the budget, while 21.19 per cent  was set aside with a view to ensuring  that all ongoing infrastructural projects across the state were completed.

A total of N13.633 billion, representing 7.8 per cent  is for Debt Service, while N12.241 billion, representing 7.0 per cent, is set aside  for Statutory Transfers to Ondo State Oil Producing Areas Development Commission.

Also, 10 per cent  is the share of Independent Revenue to Joint Account and Allocation Committee (JAAC) of Local Government Areas of  the state.

“The sum of N79.084 billion – 45.2 per cent  and N69.915 billion – 40.0 per…

Source: Vanguard Newspaper