The Edo State House of Assembly has approved the sum of N676 billion for the state government’s expenditures for the 2025 fiscal year.
DAILY POST reports that the House passed the budget at plenary session on Monday.
The House increased the budget proposal of N605 billion earlier presented to it by the Governor Monday Okpebholo on December 10, 2024, by N72 billion.
The House’s approval and passage of the budget follows the presentation of reports by its standing Committee on Appropriation, Budget and Project Monitoring.
Sunday Fada, chairman of the committee, who presented the report said the increase in the budgetary allocation was to enable the governor to carry out his five- points agenda.
Fada, PDP, representing Esan Central constituency said the committee approved and passed the sum for recurrent expenditure which now stands at N225 billion as against N223 billion proposed by the governor.
He added that the capital expenditure was shored from N381 billion to N N451 billion.
The House Committee on Supply also subjected the budget estimates to clause-by-clause consideration and subsequently, approved an increase from the earlier proposed sum of N605 billion to N676 billion.
DAILY POST recalls that Governor Okpebholo had, on December 10, 2024, presented the 2025 budget estimates of N605 billion tagged budget of “Renewed hope for a rising Edo” to the State House of Assembly for consideration.
Edo Assembly shores up Okpebholo’s 2025 budget proposal from N605bn to N676bn