By Victor Akan
Edo State Governor, Senator Monday Okpebholo has signed the 2025 Appropriation bill of N675 billion, tagged ‘Budget of Renewed Hope for A Rising Edo’ into law after the bill was passed by the Edo State House of Assembly.
Assenting to the bill at the Government House, Benin City, Governor Okphebholo said the budget would revive the economy of Edo State and deliver the dividends of democracy to the people of the State.
Governor Okpebholo said: “I have just signed into law, a budget of 675,220,058,858.52 tagged a renewed Hope budget for a rising Edo. It is hoped that the 2025 approved budget will revive the economy of Edo State and deliver the dividend of democracy to the good people of the state.”
He also mentioned that, in preparing the budget, special care was taken to ensure that a larger percentage was appropriated for capital expenditure, stressing the administration’s commitment to embarking on massive capital project in the new fiscal year
The Governor further commended the Speaker of Edo State House of Assembly, Rt. Hon. Blessing Agbebaku and other members of the Assembly for the speedy consideration of the budget.
Speaking earlier while presenting the bill to the governor, Rt Hon. Agbebaku said the budget was significantly increased from the initial sum of 605billion to ensure more funds is allotted to the agricultural sector.
Signed:
Fred Itua,
Chief Press Secretary to Edo State Governor
24th December, 2024.
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