Ondo State Governor, Arakunrin Oluwarotimi Akeredolu,SAN, has signed the 2020 appropriation bill into law. Education has the largest percentage of the budget provision, followed by infrastructure. The Governor said the 2020 budget christened ‘Budget of Growth’, passed by the State House of Assembly, provides for aggregate expenditures of N187,858,525,273.00. He said the amount is divided into N10.508 billion, representing 5.6% for Debt Servicing, N14,180 billion representing 7.6 % as Statutory Transfers to Ondo State Oil Producing Area Development Commission (OSOPADEC), Ondo State Internal Revenue Service (ODIRS) and 10% share of Independent Revenue to Joint Account and Allocation Committee (JAAC) of Local Governments in the State. According to the Governor, the sums of N82.700 billion and N80.470 billion, representing 44.1% and42.7% are for Recurrent Expenditure and Capital Development respectively. Arakunrin Akeredolu explained that the policy directions o
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