Lawmakers in Edo State House of Assembly have passed the sum of N153.2 billion for the 2017 fiscal year and increased the budget estimate by N3 billion.
Governor Godwin Obaseki had last year presented a budget estimate of N150 billion to the house for consideration and passage.
Breakdown of Obaseki’s budget estimate showed that N75.11billion was allocated for capital expenditures while the sum of N74.9billion was earmarked for recurrent expenditures.
The Assembly increased the capital expenditure to N76.6 billion and recurrent expenditure was increased to N76.5 billion.
Chairman, Appropriation and Project Monitoring, Hon Damian Lawani, representing Etsako Central Constituency said the budget reflected the views of the people and was designed to consolidate and complete all ongoing projects.
On his part, Speaker of the House, Rt. Hon. Justin Okonoboh directed that clean copies of the bill be sent to Governor Obaseki for assent after the budget was passed.
Governor Godwin Obaseki had last year presented a budget estimate of N150 billion to the house for consideration and passage.
Breakdown of Obaseki’s budget estimate showed that N75.11billion was allocated for capital expenditures while the sum of N74.9billion was earmarked for recurrent expenditures.
The Assembly increased the capital expenditure to N76.6 billion and recurrent expenditure was increased to N76.5 billion.
Chairman, Appropriation and Project Monitoring, Hon Damian Lawani, representing Etsako Central Constituency said the budget reflected the views of the people and was designed to consolidate and complete all ongoing projects.
On his part, Speaker of the House, Rt. Hon. Justin Okonoboh directed that clean copies of the bill be sent to Governor Obaseki for assent after the budget was passed.
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