Business/Economy

Aiyedatiwa signs N96bn supplementary budget into law

Supreme Desk
5 Nov 2024 6:34 PM IST
Aiyedatiwa signs N96bn supplementary budget into law
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Aiyedatiwa said the supplementary budget reflected the determination of his administration to cater for the welfare of workers and the overall development of the state.

Gov. Lucky Aiyedatiwa of Ondo State has signed into law the Supplementary Budget of N96 billion passed by the state House of Assembly.

Aiyedatiwa, after signing the budget into law on Tuesday in Akure, said it would help the state government to meet its financial commitments.

The governor said that the supplementary budget captures the payment of the new minimum wage of N73, 000 recently approved for workers and salaries of the newly recruited workers across various sectors.

Aiyedatiwa said the supplementary budget reflected the determination of his administration to cater for the welfare of workers and the overall development of the state.

“The supplementary budget is necessary because of the time we are in and trends of what is happening in the state and country in general; the new minimum wage, subsidy removal to the recent recruitment of workers,” he said.

The governor also assented to the bill providing for the expansion of the board of the Ondo State Oil Producing Areas Development Commission (OSOPADEC).

He said the new law would ensure inclusivity and better equitable representation from the mandate areas.

Aiyedatiwa also signed the amendment bill to the Ondo State House of Assembly Service Commission Law.

He appreciated the leadership and members of the House of Assembly on their diligent efforts on the bills.

Earlier, Speaker of the Assembly, Olamide Oladiji, commended the leadership style of the governor and the various milestones he has achieved since assumption of office.

“These giant strides have not only transform the State in all facets, but have clearly demonstrated your vision, capacity, intellectual ability, zeal, passion, direction and a clear understanding of the enormous job ahead.

“I want to on behalf of my colleagues assure you, Mr governor of our continuous support and cooperation to ensure the success of this administration.

“It is therefore hoped that the implementation of these Laws will impact meaningfully on the lives of the good people of the state,” he said.

The News Agency of Nigeria (NAN) reports that this brings the total budget for 2024 to N492 billion with the previously passed budget of 396 billion.

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