Ondo State Government has again reiterated its commitment to harness her abundant human and natural resources with a view to securing a bright future for the state and her people, and also transform it to one of the most developed states in the country through strategic implementation of projects and programs.

The Permanent Secretary, Ministry of Economic Planning and Budget, Chief Bunmi Alade stated this during the consultative meetings with various representatives of people and other critical stakeholders across the 18 Local Government Areas of the State on 2022-2024 Medium Term Expenditure Framework and 2022 budget preparation.

The consultative engagements which took place in all the five zones and Local Government Areas in the State, involved the representatives of Community Leaders, Traditional Rulers, Civil Society Organizations (CSOs), Non-Governmental Organizations (NGOs) Community Based Organizations (CBOs) Trade Unions, Organised Private Sectors, Professional Bodies, Women Organizations, Youth Groups, Vulnerable Groups and other relevant stakeholders in the State.

Chief Alade explained that it was in compliance with the State Fiscal Responsibility Law, 2017 and continuation of the lofty idea of inclusive governance of the Arakunrin Oluwarotimi  Akeredolu SAN, led administration in the State that necessitated the strategic consultative engagement process.

According to him, the program was designed to seek their inputs and opinions on the fiscal policy of the state in a bid to ensure a prosperous Ondo State, declaring that the people's feedback on what was being done and what to do to expand fiscal space of the state would assist the government in making decisions, create wealth for the people and reverse the trend of huge infrastructural deficit as well as ensure a better and brighter future for the next generation of the citizens.

The Permanent Secretary explained that budget was not just arbitrary figures but a key policy instrument for allocating public resources among competing socio-economic needs, adding that the stakeholders' engagement on budget preparation was part of the budget reform process to engender inclusiveness and effective participation of people in the Budget processes

He noted that the State budget processes have been undergoing improvement under the present administration in terms of preparation, implementation, monitoring and appraisal, which according to him had consecutively qualified the State for accessing the State Fiscal Transparency Accountability and Sustainability (SFTAS) Program for Result (PfR) grants since 2018.

Chief Alade added that through the collaboration and cooperation of different groups and other stakeholders on budget preparation, Ondo State was ranked the second best position on Budget processes in the 2021 fiscal year.

The Permanent Secretary explained that through the Ondo State Investment Promotion Agency (ONDIPA), created by the Akeredolu-led administration, more completed and ongoing Industries had been established in the State with a view to providing  massive job opportunities for the youth, Increase internally generated revenue and  securing great future for the state and her people.

According to him, some of the Industries included, Ondo-Linyl Industrial Hub with Textile and Thread, Paper Mill, Ethanol Production, Wood Processing Factories and Truck Assembly Plant at Ore,, Development of Deep Sea port (Port Ondo) at Eruna/Ogboti, Ilaje LGA, with completed and required feasibility studies / reports but awaiting Federal government approval and Ore Industrial Park on 1000 hectares of land in partnership with Hessmac Industrial Ltd.

Others are establishment and Management of 1000 hectares of oil Palm Plantation at Ore in partnership with Bambi Farm Ltd, Chocolate Factory at Alade Idanre in partnership with Spagnvola Nigeria Ltd, Ondo - Guangdong Free Trade Zone at Alape Junction, Ilaje in partnership with ZGM Investment Group of Company, Integrated Sugar Cane Value Chain Project at Ikaro in Ose LGA in partnership with COCASET Nigeria Ltd and Development of largest Egg-powder plant in Africa and Middle - East at Emure - Ile in Owo LGA and many more.

According to him, government had signed numerous agreements with Development Partners such as  AFD and AfDB to supply water to Akure and its environs, it had also made  provision for Cocoa, Cashew and palm seedling to farmers as well as employed over one thousand two hundred 1200 Primary School Teachers across the state.

Chief Bunmi Alade also informed the stakeholders that the present administration had commenced the reforestation process through replanting of several thousand of the State forest reserves on Public Private Partnership arrangement.

On the issue of herdsmen wreaking havoc on the on the farm, the Permanent Secretary explained that the State Government through the State Security Network (Amotekun) and implementation of the law on ban on open gracing has greatly reduced the ugly trend in the State. He commended Governor Oluwarotimi Akeredolu SAN for his open and transparent system of administration, which affords the people the opportunity to contribute and appraise government's activities.

While presenting the 2022-2024 Medium-Term Expenditure Framework (MTEF) and the 2022 Budget projections, the Director of Budget, Mr. Stephen Aworere, stated that the year 2022-2024 MTEF was aimed at addressing the second term REDEEMED agenda of the present administration for the benefit of the people of the State.

Mr Aworere remarked that the rationale behind the adoption of MTEF included the accurate estimation of resources available to the state within the medium term planning horizon. He, however, identified outstanding salary arrears, effect of COVID-19 and inadequacy of revenue as challenges facing the State.

The Director of Budget, therefore, stressed the need for all hands to be on deck towards increasing the Internally Generated Revenue of government so as to be able to meet critical needs of the people.

The representatives of each group and other stakeholders commended Governor Oluwarotimi Akeredolu, SAN for the various infrastructural development in all sectors across the State and called for blockage of all loopholes on revenue collection in order to generate more revenue for the rapid transformation of the State.

Banjo Egunjobi,
Media Manager,


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