By Daniel Date
Edo State Governor, Godwin Obaseki on Tuesday presented budet estimates of N153.4 billion to the Edo State House of Assembly, for the 2021 fiscal year.
Obaseki in a post on Facebook said this represented a 9.7% increase from the revised 2020 budget, adding that it comprises of N94.8 billion for recurrent expenditure and N58.6 billion for capital expenditure.
According to him, “the budget document, christened, ‘Making Edo Great Again (MEGA) Budget’, is exclusively pinned on robustly responding to the dislocations caused by the coronavirus pandemic, whilst building a workforce of the future.”
Continuing, he said that “The proposed 2021 budget would address challenges in critical sectors of the economy, with increased targeted investments on the state’s most valued resource – its people.”
“With the collaboration of the Honourable house, we have designed a unique instrument through which the state government can also attract private sector funding targeted at key development projects,” he said.
Receiving the 2021 budget proposal, Speaker of the Assembly, Rt. Hon. Marcus Onobun, commended the governor for prioritizing the welfare of Edo people and assured that the document would receive their due consideration and passage.
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