The Edo State Governor, Monday Okpebholo, has presented the 2025 budget estimate of N605.7 billion to the State House of Assembly for consideration and approval.
Newspot reports that the governor presented the 2025 Appropriation Bill to the House on Tuesday in Benin City.
Okpebholo said the budget tagged, ‘Budget of Renewed Hope for a Rising Edo’, was designed to achieve the goals of his five-point agenda.
He listed the five points as security, infrastructural development, healthcare, food sufficiency and education.
He also added that the budget was prepared with the aim of achieving the Renewed Hope Agenda of the Federal Government.
Okpebholo said the 2025 budget estimate was 25 percent higher than the 2024 budget.
He said the sum of N223 billion, representing 37 percent, was allocated to recurrent expenditure while N381 billion, representing 63 percent, was for capital expenditure.
The governor gave the sectoral breakdown of the budget as N162 billion for road development across the state, N48 billion for education, N63.9 billion for health, N1.8 billion for the health insurance scheme and
N4.5 billion for the agricultural sub-sector.
Okpebholo, who explained that the proposed Appropriation Bill was a product of wide consultations, opined that it would ensure accountability and transparency in governance for responsive service delivery to the people of Edo State.
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