Edo Assembly Passes N159.3bn Budget Estimate for 2015

The Edo House of Assembly on has passed the 2015 budget estimates of N159.3 billion.

Governor Adams Oshiomhole had on September 23 presented a budget size of N156.551 billion to the assembly for consideration.

Considering the budget, the assembly shored up the appropriation bill with about N3 billion.

Speaking on the occasion of the 2015 appropriation, the Chairman, Committee on Appropriation and Project Monitoring, Hon. Peter Aliyu (APC Etsako East), said the budget proposal as presented by the governor reflected the views of the people and meant to complete all ongoing projects.

During the consideration of the appropriation bill, the sum of N88.6 billion was

Edo Govt Presents N156.6bn 2015 Budget to Assembly

Edo State Governor, Adams Oshiomhole, has presented the 2015 budget to the state House of Assembly for approval.

Presenting the budget estimate of N156.551 billion christened: “Budget of Developmental Consolidation” which according to him “is aimed at taking the state to the next level” Oshiomhole disclosed that the estimate comprises of N87.56 billion as capital expenditure representing 55.77 per cent of the total budget, while the proposed recurrent expenditure is N68.99 billion which represents 44.23 per cent of the total budget.

He also said the budget wasdesigned towards the completion of all ongoing projects, injection of new investments in key priority sectors of the administration which he listed as road construction and rehabilitation, education, health, water, rural electrification and environmental protection including drainage, erosion control and beautification.

Continuing, the governor said