… shores up budget by N3bn
Members of the Edo State House of Assembly (EDHA) on Monday passed into law the 2017 budget estimates of N153.2 billion as against the N150 billion presented to it by the state governor, Godwin Obaseki.
The passed 2017 appropriation estimates is about N3 billion higher than the N150 billion presented to it by the state governor, on December 19, 2016, for consideration and passage.
The initial budget presented by Governor Obaseki consisted of N75.11 billion as capital expenditure, while the proposed recurrent expenditure was N74.9 billion.
However, the House in passing the budget allocated N76.6 billion for capital expenditure, and N76.5 billion for recurrent expenditure.
Damian Lawani, chairman, House Standing Committee on Appropriation and Project Monitoring, while presenting the committee’s report to the House, said the budget reflected the views of the people.
Lawani, representing Etsako Central Constituency, said the 2017 budget was designed to consolidate and complete all ongoing projects in the state.
The breakdown of the passed appropriation bill showed that N18.5 billion, N7.2 billion, N3.6 billion and N6.034 billion were allocated for the recurrent expenditure of the administrative, economic, law and justice and social sectors, respectively.
The sum of N5.68 billion, N47 billion, N1.84 billion, and N22.09 billion were also allocated for the capital expenditure for the administrative, economic, law and justice and social sectors, respectively.
