GOVERNOR OKPEBHOLO PRESENTS N605.7B BUDGET PROPOSAL TO EDO STATE ASSEMBLY 10-12-24
By Sadiq Aminu Edo State Governor, Senator Monday Okpebholo has presented N605. 7 billion budget estimates to Edo House of Assembly for the 2025 fiscal year.
The budget estimates represent 25 percent increase from 2024 budget.
Presenting the budget christened Budget of Renewed hope for a Rising Edo to the Assembly in Benin, Okpebholo said capital expenditure would take N381 billion, representing 63 percent while recurrent would gulp N223 billion, representing 37 percent.
Governor Okpebholo noted that his administration planned to make a huge difference in road sector with the appropriation of N162 billion earmarked for road construction across the state.
He appropriated N48 billion for Education, while N500 million was appropriated for Ambrose Ali University, Ekpoma as monthly subvention for its revival.
The governor also appropriated
N63.9 billion for the Health sector, N1.8 billion was set aside for the Health Insurance scheme and N 4.5 billion for Agriculture.
He further stated that his administration had recently purchased 20 patrol vehicles to assist the security personnel to curb insecurity and planned to purchase more in the coming year.
Receiving the budget estimates, the Speaker of the House, Mr Blessing Agbebaku assured the governor that the house would expedite action on the budget.
Mr Agbebaku also assured of the house’s resolve to work with the governor for the good of Edo people.