Abiodun signs N703.028bn 2024 budget into law

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The Governor of Ogun State, Dapo Abiodun, has said the N703.028 billion Appropriation Bill passed into law for 2024 will further strengthen the state’s growth and position it as Nigeria’s infrastructure capital.

The governor stated this while signing the Bill into law after it was presented to him by the Speaker of the House of Assembly, Rt. Hon. Olakunle Oluomo, supported by principal officers of the House at the Governor’s Office, Oke-Mosan Abeokuta.

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It will be recalled that the Budget tagged “Budget of Sustain Growth and Development,” was submitted to the House on November 30th, 2024, by Governor Abiodun.

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The governor stated after signing the budget that the state has grown by leaps and bounds in the last five years, and that the budget is a monument to his administration’s commitment to the irreversible implementation of its vision.

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He said: “When we assumed office on the 29 of May, 2019, we were committed to a vision to ensure that we create an enabling environment for investments and investors to strive in Ogun State, believing that that is very fundamental to the economic development of our state and the individual prosperity of our people.

“Today, we have a budget that has become law, that is more than twice our budget when we assumed office. Year after year, we have successfully implemented our budget to the tune of a minimum of 70 per cent. 

“The economy of our state had continue to grow; we have been accorded the rightful place as the state with the most improved economy in Nigeria, fastest growing economy in the country, one of the two most viable states in Nigeria, one of the two states whose Internally Generated Revenue exceed Federal Allocation. These have been made possible by the collective hard work and commitment of all of you. This hard work, I, as the captain of the ship, remain very grateful.”

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In addition to promising to treat every part of the state fairly and equally when it comes to project implementation and execution, he declared that his government would keep building on the strong foundation that had already been established.

Governor Abiodun thanked members of the Assembly for working very hard and ensuring that the budget passed through thorough scrutiny before passage, commending their sense of patriotism to the state.

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Speaking earlier, the Speaker of the House of Assembly, Rt. Hon. Oluomo, who led other principal officers of the assembly to the Governor’s Office, said the lawmakers passed the budget after almost a month of rigorous exercise. 

“Recall that the budget was presented to the house on November 30 this year after almost one month of rigorous exercise in the house which includes budget retreat, budget defense and committee work that we did in the last 30 days including working on a public holiday,” he said.

He explained that the quick passage of the budget was to meet up with the January 1 date in line with international best practice.


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