ODSG Presents 14 Billion Naira OSOPADEC 2023 Budget
By Precious Oluwole
Ondo State Government has presented14 billion naira Ondo State Oil Producing Area Development Commission (OSOPADEC) 2023 budget to the State House of Assembly.
The budget has been committed to Committees on OSOPADEC and finance and appropriation after scaling through the second reading on the floor of the House at a plenary presided over by the Speaker, Rt. Hon. Bamidele Oleyelogun on Wednesday.
In the budget, over 10 billion naira is for Capital expenditure while 4 billion naira is for recurrent expenditure.
The Speaker in his ruling enjoined the committees to do a proper job on the budget and submit to the house as soon as possible.
Earlier, while debating on the budget, the Lawmakers commended the increase in the budget over the last year which was 11 billion naira, especially the large chunks accrued for the capital expenditure, saying that it will go a long way to fastrack development.
They also commended the early presentation of the budget as more social amenities among others in the budget proposal will improve the standard of living of the people of the mandate areas.