The Ondo State Oil Producing Development Commission ( OSOPADEC) says that its performance in the 2024 budget was commendable in the key sectors in the mandate area of the commission.
The Secretary of OSOPADEC, Mrs Abike Bayo- Ilawole, stated this on Monday during the 2025 Budget defence at the state House of Assembly.
The News Agency of Nigeria (NAN) reports that N16.5 billion was budgeted to the commission in 2024 while N33.86 billion was budget to the commission in 2025.
“Despite prevailing economic challenges, OSOPADEC made commendable progress in the implementation of key projects and programmes in 2024 budget,” she said.
She said that the budget proposal for the 2025 fiscal year had been meticulously prepared, taking into account the strategic objectives of the commission.
According to her, the commission is to meet the specific needs of the communities it serves , and the broader developmental agenda of the current administration.
“This proposal accommodates detailed plans for infrastructure development, educational support programmes, healthcare initiatives, and other critical projects aimed at improving the quality of life for the people of the oil-producing areas.
“This proposed budget reflects a bold and renewed commitment to deepening impact and driving inclusive growth in line with the “OUR EASE Agenda” of the Ondo State Government under the leadership of Dr Lucky Aiyedatiwa
“While majority of the projects we could not touch in 2024 were rolled over in this new proposal,” she said.
She said that if the proposal was passed, it would accelerate development of critical infrastructure across the mandate communities in the state.
Bayo-Ilawole commended Ayedatiwa for his exemplary leadership in the area of fiscal discipline and in reducing the state’s debt burden with a multiplier effect on OSOPADEC.
The secretary sought for the review of the budget estimate for further favourable consideration of the commission.
In his address, the Chairman, Ad-hoc Committee on OSOPADEC, Mr Allen Oluwatoyin, urged the state Ministry of Budget and Economic Planning to be diligent and look into the budget painstakingly and ensure that nothing was left out, for effective performance of the commission.
Oluwatoyin added that after the passage of the proposal, there would be thorough monitoring and assessment, stating that the ministry should ensure that there was a quarterly visit to OSOPADEC to see its level of performance.
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