- The budget is divided into N202.65 billion for recurrent expenditures and N282.99 billion for capital projects
Edo State Governor, Senator Monday Okpebholo has signed the revised Appropriation Bill of N485.63 billion into law, marking a significant move by the new administration to ensure rapid implementation of developmental projects.
The budget, as approved by the Edo State House of Assembly (EDHA), is divided into N202.65 billion for recurrent expenditures and N282.99 billion for capital projects.
Governor Okpebholo, in his remarks, commended lawmakers for their swift action in passing the Bill, which he believes will set the tone for transformative governance.
“I want to thank you for your cooperation and the speedy passage of this bill. With this momentum, Edo State is set to experience remarkable development. I see a team of dedicated individuals ready to work for the betterment of our state”, he said.
The Speaker of the Edo State HouseofAssembly, Hon. Blessing Agbebaku, alongside other lawmakers, attended the signing ceremony held at the Executive Council Chamber in Government House.
Agbebaku emphasised the legislature’s commitment to supporting the administration’s vision and ensuring continuity in government.
“The 8th Assembly expedited the passage of this appropriation law to allow the new administration to commence its projects without delay. Government is a continuum, and we are committed to fostering development for the people of Edo State”, he said.
The Bill, initially presented on November 13, 2024, underwent accelerated deliberations, underscoring the collaboration between the executive and legislative arms of government.
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