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Gov Okpebholo presents N605bn 2025 budget estimate to Edo Assembly
The Edo State Governor, Monday Okpebholo, on Tuesday, presented the 2025 budget proposal of N605 billion to the State House of Assembly for approval.
The governor, who christened the appropriation bill “Budget of Renewed Hope for a Rising Edo” at the Assembly Complex in Benin City, Assembly, said it was 25 percent higher than the 2024 budget.
He said N223 billion or 37 percent was earmarked for recurrent expenditure and N381 billion or 63 percent for capital spending.
READ ALSO: Okpebholo offers automatic employment to daughter of late NLC chairman
Okpebholo said: “This budget is a product of extensive consultations and embodies my administration’s commitment to achieving its five-point agenda: security, infrastructural development, healthcare, food sufficiency, and education.
“We are aware of the critical need to connect communities with motorable roads for rapid economic growth. The construction of the iconic Ramat Park fly-over, the first of its kind in the state, marks a significant step towards transforming Benin City from an ancient city into a modern one.
“We are committed to revisiting the deplorable condition of our tertiary schools. To support Ambrose Ali University, Ekpoma, N500 million monthly subvention has been earmarked for 2025 to ensure its revival and continuous improvement in other tertiary institutions.”
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