Newscenter Media News The Edo State Governor, Senator Monday Okpebholo has signed the 2025 Appropriation bill of N675 billion into law.
The bill passed by the Edo State House of Assembly was tagged: ‘Budget of Renewed Hope for A Rising Edo’.
Speaking at the Government House, Benin City, Okphebholo said the budget would revive the economy of Edo State and deliver the dividends of democracy to the people of the State.
He 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.
He stressed the administration’s commitment to embarking on a massive capital project in the new fiscal year.
The Governor further commended the Speaker of the 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 N605 billion to ensure more funds is allotted to the agricultural sector.
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