Akeredolu signs 2021 appropriation bill into law

Gov. Oluwarotimi Akeredolu of Ondo State has expressed hope that the 2021 budget would reactivate the economic life of the state through technical and technological education.

Akeredolu made this known on Friday in Akure during the signing of the 2021 Appropriation Bill of N174.873 billion into law.

He explained that Education had been allocated 19.07% of the budget, while 21.19% had been set aside with a view to ensure that all ongoing infrastructural projects across the state were completed.

The budget, titled ‘budget of hope’ has a total size of N174.873 billion. Out of this amount, N13.633 billion representing 7.8% is for Debt Service; N12.241 billion representing 7.0% is for Statutory Transfers to OSOPADEC

“10% is the share of Independent Revenue to Joint Account and Allocation Committee (JAAC) of Local Governments in the State.

“The sum of N79.084 billion i.e. 45.2% and N69.915 billion i.e. 40.0% are for Recurrent Expenditure and Capital Expenditure respectively,” he said.