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News

Akeredolu signs N181bn 2018 budget into law

written by Samuel Etuk February 7, 2018
Akeredolu signs N181bn 2018 budget into law

Governor Rotimi Akeredolu of Ondo state, on Tuesday signed the 2018 Appropriation Bill of the state into law.

The state House of Assembly had last year approved the N181 billion budget presented to it by Governor Akeredolu.

Signing the law at the Cocoa conference hall of the governor’s office, Akeredolu, who was flanked by the Assembly Speaker, David Oloyelogun, said the laws would enhance development if properly implemented.

The governor also signed into law the state Contributory Health Insurance and the Ondo State Social Protection bills.

He said his administration will concentrate more on capital expenditure to abridge the huge infrastructure deficit in the state, adding his intention is to take governance to the people through people-oriented programmes that would take care of the populace.

In the budget, capital expenditure for the fiscal year stands at N80 billion, while debt service will cost N13.600 billion and statutory transfers to local governments put at N8.307 billion.

On the Contributory Health Insurance Scheme law, the governor said the law will ensure that every resident of the state has access to good health care services.

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Samuel Etuk

Passionate unapologetic Nigerian, highly spontaneous, web content writer cum social media strategist, gidi hustler and Akwa-ibomite in diaspora

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