Edo proposes N125bn supplementary budget

By Ozioruva Aliu

BENIN CITY – Edo State Executive Council has approved a N125 cardinal supplementary fund for 2025, which would bring the year’s fund to N799.820 cardinal from the archetypal N675.220 billion, representing an 18 per cent increase.

The support followed an exigency enforcement gathering presided implicit by the Chairman-in-Council and Governor of Edo State, Senator Monday Okpebholo, connected Monday, September 29, 2025.

A connection connected Tuesday by the governor’s Chief Press Secretary, Fred Itua, quoted the Commissioner for Finance, Emmanuel Okoebor, arsenic explaining the rationale down the accommodation and emphasised the government’s committedness to infrastructure development.

He said, “Previously, we had a fund of N675 cardinal with recurrent expenditure having astir 33 per cent and superior 67 per cent. The caller revised fund present has astir 70 per cent for superior expenditure arsenic against 30 per cent for recurrent expenditure. It shows the committedness of Governor Monday Okpebholo successful infrastructural improvement successful Edo state.”

Okoebor further explained the size and quality of the increment.

He said: “The increment successful the fund is astir N125 billion, which signifies astir 18 per cent of the erstwhile budget. Recurrent accrued by astir N12 billion, portion superior is astir N113 cardinal from the erstwhile one. Given astir 25 per cent increment successful Capital expenditure and conscionable 5 per cent increment successful recurrent expenditure.

“It intelligibly shows that the authorities is acrophobic astir infrastructural development, making Edo radical happy. We person done astir 254KM of roadworthy crossed the state, and galore much operation works are ongoing.

“Recurrent expenditure has astir 5 per cent increment, arsenic the summation successful minimum wage necessitated that increment, including a batch of employment the contiguous medication did successful infirmary absorption committee for implicit 1000 and it needs to beryllium captured.”

According to the Commissioner for Information and Communication, Paul Ohombamu, the revised fund is expected to beryllium forwarded to the Edo State House of Assembly for legislative information and passage.

Meanwhile, the authorities authorities has appointed a erstwhile Speaker of the State House of Assembly, Hon Frank Okiye, arsenic the president of the recently established Edo State Lottery Regulatory Commission.

A connection by the Secretary to State Government (SSG), Musa Ikhilor, said the Commission would present beryllium the cardinal regulatory assemblage for each lottery, gaming, and related activities wrong the state.

It would modulate the lottery, safeguard the interests of participants and the wide public, make gross for the authorities among others.

“In furtherance of this, His Excellency has approved the assignment of the pursuing individuals to pioneer the affairs of the Commission: Rt. Hon. Frank Okiye – Chairman, Dandy Imoukhuede Oserei- Member, Elvis Uadiale – Member, Ndidi Aghimien – Member and Hon. Habibat Yakubu – Secretary,” the connection read.

The station Edo proposes N125bn supplementary budget appeared archetypal connected Vanguard News.