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Edo State Governor, Monday Okpebholo, on Tuesday, signed the 2025 Appropriation Bill of ₦675 billion into law.
Naija News reports that the Chief Press Secretary to Edo State Governor, Fred Itua, made this known in a statement on Tuesday.
Okpebholo, who assented the budget into law at the Government House in Benin, the state capital, said the budget will revive the economy of the state and deliver the dividend of democracy to the citizens.
He also mentioned that, in preparing the budget, special care was taken to ensure that a larger percentage was appropriated for capital expenditure, stressing the administration’s commitment to embarking on massive capital project in the new fiscal year
The Governor further commended the Speaker of the Edo State House of Assembly, Rt. Hon. Blessing Agbebaku and other members of the Assembly for the speedy consideration of the budget.
He said: “I have just signed into law, a budget of 675,220,058,858.52 tagged a renewed Hope budget for a rising Edo. It is hoped that the 2025 approved budget will revive the economy of Edo State and deliver the dividend of democracy to the good people of the state.”
Earlier, Agbebaka, while presenting the bill to the governor, said the budget was significantly increased from the initial sum of ₦605 billion to ensure more funds are allotted to the agricultural sector.
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