Governor of Ondo State, Lucky Aiyedatiwa, has signed the 2024 supplementary budget of the state into law.
He stated that the move became imperative in order to meet new financial commitments of the state government.
The supplementary budget captured the payment of the new minimum wage of N73,000 recently approved for workers by Aiyedatiwa, as well as the salaries of newly recruited workers within the various sectors of the state economy.
The supplementary budget of N96,788,100,000, as approved by the State House of Assembly, was signed by Aiyedatiwa at the Executive Council Chambers of the Governor’s Office bringing the total budget for 2024 to a total of N492,045,100,000.
With the budget made up of recurrent expenditure of N246,727,852,786 and capital expenditure of N245,317,247,214, Aiyedatiwa said the supplementary budget reflects the determination of his administration to focus on the welfarism of workers and development 18 local government areas of the state.
Additionally, the governor also signed into law the bill providing for the expansion of the board of the Ondo State Oil Producing Areas Development Commission, OSOPADEC.
According to Aiyedatiwa, the new law will ensure inclusivity and better equitable representation from the mandated areas.
Aiyedatiwa signs N96b supplementary budget, captures N73,000 minimum wage
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