Gov. Olusegun Mimiko of Ondo on Monday signed the State’s 2016 Appropriation Bill of N123.7 billion into law with a promise to ensure full implementation. The budget comprises a recurrent estimate of N69.19 billion, representing 55.93% and a capital estimate of N54,5billion, representing 44.07% of the estimates.
He said, “it has, therefore, become rather imperative for us to seek to maximize our revenue receipts, continue to explore other sources, while at the same time minimizing non-essential expenditure.
“I assure that despite the challenges before us, this budget will be implemented towards the continued delivery of dividends of good governance to our people.
“Our usual watchwords of accountability and prudence in the management of public fund would be passionately embraced to give good value for every naira spent and to ensure judicious utilisation of all appropriated funds.
“I am optimistic that the oversight function of the legislators will further enhance the proper implementation of the budget”, Mimiko said.
