By Calista Oyeoba / Posted December 10, 2024
The Edo State Governor, His Excellency, Senator Okpebholo, has presented a proposed N605.1 billion appropriation bills for 2025 to the State House of Assembly on Tuesday.
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This comprehensive budget, aptly labelled the “Budget of Renewed Hope for a Rising Edo,” reflects a 25% increase from the 2024 budget.
The budget aligns with Governor Okpebholo’s five-point agenda, focusing on the specifics.
The touch-points of the Governor’s proposal for the 2025 fiscal year includes;
Recurrent Expenditure: N223 billion 37%,
Capital Projects: N381 billion 63%,
Road Infrastructure: N162 billion,
Education: N48 billion, including N500 million monthly subventions to Ambrose Ali University,
Healthcare: N63.9 billion, with N1.8 billion dedicated to Health Insurance, while Food Security takes N4.5 billion.
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The Speaker of Edo House of Assembly, Rt. Hon. Blessing Agbebaku, assured of speedy work to review and ratify the budget, in order to deliver to Edo people, the dividends of democracy.
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