Ekiti State Governor, Biodun Oyebanji has signed the 2025 Appropriation bill of N375.7 billion, tagged “Budget of Sustainable Impact,” into law following its passage by the State House of Assembly.
The budget was signed on Monday at the Executive Council Chamber of the Governor’s office, Ado- Ekiti during a brief ceremony witnessed by the Deputy Governor, Chief (Mrs) Monisade Afuye; members of the State Executive Council and members of the state House of Assembly.
Governor Oyebanji thanked the Lawmakers for the prompt passage of the bill, noting that the budget would revive the economy of the State and further drive the shared prosperity agenda of his administration.
It will be recalled that Governor Oyebanji presented the appropriation bill to the state House of Assembly on October 29th 2024 with the assurance that his government was making a concerted effort to bridge the infrastructure deficit, ensure food security, wealth creation, and welfare of the people, enhance productivity of the people and the economy as well as create the enabling environment for investors to increase the state’s Gross Domestic Product (GDP).
He said it has been his tradition to ensure that appropriation bill is signed into law before the end of the year in order to maintain the January to December budget cycle in line with the tenets of fiscal discipline and our good governance agenda.
Oyebanji said he was happy that he has kept faith with this in fulfilment of his avowed commitment to working his talk.
The Governor who highlighted his top priority agenda for 2025 to include agriculture and food security, wealth creation, and infrastructural development, said the document would allow his administration to consolidate on the achievements recorded so far, and complete all ongoing projects as well as provide the required infrastructure for the economic transformation of the state at large.
He thanked the speaker and other members of the state House of Assembly for their cohesiveness and resoluteness in the quest to ensure the state's overall development through sound, robust legislation and efficient legislative scrutiny of the bill.
The Governor restated that the Ekiti Legislators had been a worthy partner in progress with the executive rather than constituting themselves as a clog in the wheels of Ekiti progress and development, calling on them to continue to place Ekiti in the front burner of their deliberations over and above partisan politics and selfish aggrandizement.
Governor Oyebanji commended President Tinubu for various reforms that have been embarked upon to correct the structural problems confronting the economy and engender a sustainable development.
According to him, these reforms have significantly improved the revenue accruing to the state from federation account in the past years and expressed hope that this enhanced revenue flow will continue and beyond 2025.
Oyebanji noted that the 2025 budget christened ‘Budget of Sustainable Impact’, is a product of wide consultation with the people of Ekiti state, prepared based on expected economic reality over the next one year which also aligns with fiscal discipline, fiscal principle of transparency, accountability and inclusivity.
Speaking earlier before presenting the bill to the Governor, the Speaker of the Ekiti State House of Assembly, Rt. Hon. Adeoye Aribasoye described the budget as not merely a financial document but a powerful testament to the state’s unwavering commitment to the well-being of all Ekiti residents.
The Speaker also stated that the signing of the budget reaffirmed the government’s commitment to the welfare and prosperity of the people, as it is a vital tool for driving development, creating opportunity, and ultimately improving the lives of the people.
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