Home / Other States / Ondo: Mimiko Signs N168bn Appropriation Law

Ondo: Mimiko Signs N168bn Appropriation Law

Caption: Ondo State Governor, Dr Olusegun Mimiko,

By James Sowole in Akure

Ondo State Governor, Dr Olusegun Mimiko, yesterday signed the state’s Appropriation Law of N168 billion passed by the state House of Assembly for the 2014 fiscal year with a declaration that all hands must be on deck by relevant agencies to improve on the Internally Generated Revenue (IGR).

The Appropriation Law tagged “Caring Heart Budget V”, which the governor said was geared towards the sustenance of all laudable programmes of the administration, was broken into N71.9 billion for the recurrent expenditure and N96.05 billion for the capital expenditure.

Mimiko said the administration would use the two pronged approach of substantially expanding the economic base of the state through continuous involvement in infrastructure like road network,
Independent Power Plant, Industrial Park and increased expenditure in the Agricultural Value Chain.

He said the other leg is to continue in the provision of social assets that will protect the most vulnerable of the society by ensuring adequate social safety nets in the polity through programmes like the Abiye Safe Motherhood project including Mother and Child Hospitals, Mega Primary Schools, Trauma and Kidney Centres and many more.

While stating that the task ahead looks arduous and daunting, Mimiko daid it requires that everybody must work assiduously to achieve the targets set in the 2014 budget.

The governor said in order to achieve the set target, the practice of work plan development by Ministries, Departments and Agencies (MDAs) would be sustained in the year.

He said despite the continued threat to the nation’s economy through oil pipeline vandalisation and illegal oil bunkering, which had been disrupting revenue inflow from the Federation Account,  the administration would strive to achieve substantial mileage with the 2014 budget.

“To this end, the Board of Internally Generated Revenue and the whole revenue generation apparatus in the state are being reorganised to drive expansion of our revenue base.
“You have all seen what we are capable of doing when fund is available, hence, we solicit the support of all the indigenes of Ondo State in terms of paying their taxes and levies promptly to enable us to do more”, he said.

However, Mimiko assured the people of the state that government would not put unnecessary levies and taxes on the people of the state but that the government would strive to collect all that the law of the land permits the government to take.

The governor commended the leadership and members of the state House
of Assembly for the painstaking job done on the budget. 

Culled from :Here

About admin

Check Also

BEDC to reconnect Ondo communities

0 Benin Electricity Distribution Plc (BEDC) has urged Ondo State government to create industrial layout …

RLG Adulawo trains 5000 youths on ICT in Osun

The RLG Adulawo Technology City has trained about 5,000 indigenes of Osun states in Information …

Nigeria: Osun State Cocoa Processing Industry begins processing 20 000 tonnes of cocoa per day

Côte d’Ivoire: At the end of June, 389,000 tons of cocoa were processed Culled from …

Ogun moves to generate N40bn from informal sector – BusinessDay …

The Ogun State Government says it has put up an effective tax collection mechanism to …

Please support Oyo State Latest News
By clicking any of these buttons you help our site to get better