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Edo assembly passes N153b budget
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Edo assembly passes N153b budget

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The Edo state House of Assembly yesterday passed the state’s 2017 budget proposal

of N153.18bn indicating an increment of N3 billion from the approximate N150 billion 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.