Ondo State House of Assembly has passed an appropriation bill of ₦16 billion for 2024.
The appropriation bill was termed ‘Ondo State Oil Producing Area Development Commission (OSOPADEC) appropriation bill for 2024.’
The appropriation bill was issued to the House of Assembly by the State Governor, Lucky Aiyedatiwa.
Aiyedatiwa allocated ₦3 billion for recurrent expenditure and N13 billion for capital expenditure for the year.
The bill was presented for third reading by the Clerk of the House of Assembly, Mr Benjamin Jayeola, before passage by the lawmakers.
Mr Oluwatoyin Allen, APC/Ese-Odo, who submitted a joint report of the House Committee on OSOPADEC and Committee on Finance and Appropriation, said that inputs of stakeholders were included in the report.
Allen said the report asked OSOPADEC to give accelerated attention to the ongoing projects in its mandate areas.
The committee, he said, tasked the commission not to rely solely on the 40 per cent from the 13 per cent oil derivation fund, but should be more creative and collaborate with local and international organisations in order to realise its mandate.
Speaking on the bill, Chief Olamide Oladiji, the Speaker of the House of the Assembly, said that the bill when assented by the governor would facilitate the growth and development of the state.
He urged the board and management of OSOPADEC to strictly implement the budget when signed into law by the state governor for the overall interest of people of the mandate area. The speaker commended the state governor for initiating policies and programmes to enhance the welfare of people of the state.
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