The Edo State House of Assembly has officially approved a budget of N676 billion for the state government’s expenditures for the upcoming 2025 fiscal year. This decision was made during a plenary session held on Monday.
The approved budget reflects an increase of N72 billion from the initial proposal of N605 billion, which had been submitted by Governor Monday Okpebholo on December 10, 2024. This adjustment underscores the Assembly’s commitment to enhancing funding for key state initiatives.
The passage of the budget followed comprehensive deliberations and the presentation of reports by the House’s standing Committee on Appropriation, Budget, and Project Monitoring. Sunday Fada, the committee’s chairman and a member of the People’s Democratic Party (PDP) representing the Esan Central constituency, articulated the rationale behind the budget increase.
“The increase in the budgetary allocation was to enable the governor to carry out his five-point agenda,” Fada stated.
In his report, Fada noted that the recurrent expenditure has been adjusted to N225 billion, slightly above the N223 billion initially proposed by the governor. He also highlighted a significant increase in capital expenditure, which has risen from N381 billion to N451 billion.
Furthermore, the House Committee on Supply meticulously reviewed the budget estimates, conducting a clause-by-clause examination before approving the revised total of N676 billion. This collaborative effort reflects the Assembly’s dedication to ensuring that the state’s financial resources are effectively allocated to meet its developmental goals.
