Home Edo Edo Assembly passes N127b reviewed budget

Edo Assembly passes N127b reviewed budget


The Edo State House of Assembly has passed a bill reviewing the state’s approved budget from N159.3 billion to N127.16 billion.

The review followed a bill sent to the Assembly by Governor Adams Oshiomhole.

The governor, in a letter to the lawmakers, noted that the previous N159 billion budget was unrealistic because of the present economic realities and low revenue from the Federation Account.

The lawmakers, at a Committee of Supply, approved a 20 per cent reduction, or N32 billion, in the original budget.

Before the lawmakers passed the bill, the Assembly suspended House Rules 20(21), 55 and 43.

A total of N64,019,787,000 was approved for capital expenditure while N62,997,148,000 was approved for recurrent expenditure.

Speaker Uyi Igbe said the ministries of Works and Environment were affected by the reduction because the initial sums approved for them were impossible to achieve.

He said the cut in the budget was meant to reflect the present economic realities.

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