Okpebholo signs N486bn budget

Edo State Governor, Monday Okpebholo, on Monday signed the revised Appropriation Bill of N485.63bn into law.

This is as the state House of Assembly promised to support the administration in its agenda for the growth of the state.

The budget signing marks a move by the new administration to ensure rapid implementation of developmental projects.

Okpebholo assumed governance of the state on November 12, 2024, after an eight-term tenure of the immediate-past governor, Godwin Obaseki.

The budget, as approved by the state House of Assembly, has N202.65bn for recurrent expenditures and N282.99bn for capital projects.

Speaking at the signing ceremony, Okpebholo commended lawmakers for the quick passage of the appropriation bill which, he said, would set the tone for transformative governance.

He stated: “I want to thank you for your cooperation and the speedy passage of this bill.

“With this momentum, Edo State is set to experience remarkable development. I see a team of dedicated individuals ready to work for the betterment of our state.”

The Speaker of the state Assembly, Blessing Agbebaku, alongside other lawmakers, attended the ceremony held at the Executive Council Chamber of the Government House.

Agbebaku stressed the legislature’s commitment to supporting the administration’s vision and ensuring continuity in government.

He noted: “The 8th Assembly expedited the passage of this appropriation law to allow the new administration to commence its projects without delay.

“Government is a continuum, and we are committed to fostering development for the people of Edo State.”

The bill, presented to the assembly on November 13, the second day in office of the governor, underwent accelerated deliberations, underscoring the collaboration between the executive and legislative arms of government.