Edo Assembly passes N153b budget

Light

LightThe Edo state House of Assembly has passed the state’s 2017 budget proposal of N153.18billion. This is N3 billion more than N150 billion budget proposal submitted by Governor Godwin Obaseki in December 2016.

The Chairman, Assembly Committee on Appropriation and Project Monitoring, Damian Lawani (APC Etsako Central), said the budget reflected the needs of the people and was designed to consolidate and complete all ongoing projects.

During the consideration of the bill, N76.6bn was allocated for capital expenditure, while N76.5bn was allocated for re-current expenditure. The breakdown of the proposal showed that N18.5bn, N7.2bn, N3.6bn and N6.034bn were allocated for the recurrent expenditure of the administrative, economic, law and justice and social sectors, respectively.

Also, N5.68bn, N47bn and N1.84bn and N22.09bn were allocated for the capital expenditure for the administrative, economic, law and justice and social sectors, respectively.

The Speaker, Mr Justin Okonoboh, directed that the clean copies of the bill be sent to the governor for his assent.

Dike Onwuamaeze

About The Author

Related posts

Please wait, while your subscription is progressing...

Subscribe to TheEconomy Newsletters & Notifications

Want to be notified when our article and news are published? Enter your email address and name below to be the first to know.