The Ministry of Economic Planning and Budget is made up six departments, namely: Development Planning, Technical Assistance and Aids Coordination, Budget, Monitoring & Evaluation, Programming & System Support and Finance & Administration. It supervises the Ondo State Bureau of Statistics. It was created to handle and fast-track the pace of development in the State through strategic planning; budgeting, collaboration with development partners and results-based monitoring and evaluation.
The Ministry was first established in the State in 1979 during the Civilian Administration of late Chief Adekunle Ajasin and was named Ministry of Economic Planning and Statistics. When the Military took over the administration of the State in 1983, the Ministry was merged with the Ministry of Finance. During the regime of late Chief Adebayo Adefarati in 1999, the Ministry was re-established and named Ministry of Economic Planning and Budget. It was, however, merged again with the Ministry of Finance during the administration of late Dr. Olusegun Agagu in 2003.
As a demonstration of its firm belief in the inherent values of planning as a catalyst for socio-economic development. The Ministry of Economic Planning and Budget was once again re-established by the administration of Dr. Olusegun Mimiko in 2009. This also informed the decision of the present administration in the state to sustain the Ministry.
Ondo State Ministry of Economic Planning and Budget is headed by a Commissioner, who is the Chief Executive. The Permanent Secretary is the Accounting Officer and he oversees the six directorates in the ministry viz Development Planning, Technical Assistance and Aids Coordination, Budget, Monitoring & Evaluation, Programming & System Support and Finance & Administration.
The Ministry is the fulcrum for development in the State as it handles the key issue of governance which is planning and allocation of resources.