Ogun State Governor, Prince Dapo Abiodun, has affirmed his administration’s commitment to fiscal responsibility through public financial management reforms.
Speaking in anticipation of the 2025 budget, the governor stressed the goal of building strong institutions focused on accountability and transparency.
Addressing attendees at the Treasury Board Meeting on the 2025 to 2027 Medium-Term Expenditure Framework (MTEF) and the 2025 Budget, Governor Abiodun, represented by Deputy Governor Engr. Noimot Salako-Oyedele, described the framework as a testament to financial prudence and as a guide for sustainable development, job creation, and poverty reduction in Ogun State.
The Deputy Governor emphasized the administration’s dedication to inclusive budgeting practices. “This gathering demonstrates our administration’s commitment to inclusivity and to maintaining best practices,” she stated, underscoring the process behind the state’s budgeting approach.
Governor Abiodun addressed the challenges posed by inflation, global supply chain disruptions, and geopolitical tensions but expressed optimism about Ogun State’s recent growth in key sectors.
“Our state’s economy is interconnected with national and global trends. As we review the 2025 Medium-Term Expenditure Framework, we emphasize our commitment to fiscal discipline and focusing on investment priorities that will drive sustainable growth and long-term prosperity,” he said.
The governor further emphasized the role of road infrastructure as critical to economic growth by connecting businesses to markets and residents to opportunities.
He cited projects such as the Kajola Inland Dry Port and the Abeokuta-Ota Federal Highway reconstruction as vital to Ogun’s connectivity and growth.
“These initiatives reflect our investment in both physical infrastructure and public security, with added funding for technology, patrol vehicles, and other essentials to ensure a safe environment for residents,” he added.
Governor Abiodun also called for increased Internally Generated Revenue (IGR) through technological advances in tax collection, aiming to reduce Ogun’s dependence on federal allocations.
He urged stakeholders to support the government in its pursuit of a prosperous Ogun, saying, “The opportunity to unlock the full potential of Ogun’s economy is within reach, and we are committed to achieving it.”
In his remarks, Commissioner for Budget and Planning, Mr. Olaolu Olabimtan, commended the administration’s focus on sustainable initiatives that foster growth.
He assured stakeholders that no sector would be overlooked in the delivery of good governance and encouraged everyone to work together in upholding principles of transparency and accountability.
Olabimtan added that the final budget would incorporate concessions for sustainable growth and development, with active participation from all 20 Local Government Areas to ensure balanced progress across Ogun State.
