The Ondo State House of Assembly has passed into law the 2022 Budget of over One Hundred and Ninety-Nine point Two Billion Naira.
The budget after scrutiny and defence by Ministries, Departments and Agencies, MDAs by the House Committee on Finance and Appropriation, headed by Mr Sunday Olajide had an increment of about Seven Billion Naira from initial over One Hundred and Ninety-One point Six Billion Naira submitted to the House by Governor Oluwarotimi Akeredolu.
The budget has a provision of over One Hundred and Twelve point Nine Billion Naira as Recurrent Expenditure and over Eighty-Five point Six Billion Naira as Capital Expenditure for the services of Ondo State of Nigeria for the year ending 31st December 2022.
The Lawmakers at the plenary presided over by the Speaker, Mr Bamidele Oleyelogun recommended among others things that MDAs should ensure that the provisions of the Budget are applied to the needs stated therein.
According to the House, in order to attain the target for the internally generated revenue for the year ahead, the State Government should take all necessary steps that will propel all income-generating MDAs to embark on more result-oriented internally generated revenue drive in line with extant Laws.
The Lawmakers urged the State Internally Revenue Service to identify all sources of Revenue leakages and ensure that measures are put in place to block all these leakages.
Olumide Abudu
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