Edo Assembly passes N116 6bn budget for 2016 fiscal year

Edo State House of Assembly on Thursday, passed N116, 648, 642,987 billion appropriation estimates for the 2016 fiscal.

BusinessDay reports that Governor Adams Oshiomhole had last December presented the budget proposal estimates of N111,596, 683,785 billion. The governor’s budget estimates comprised N58.9 billion as capital expenditure and N52.6 billion for recurrent expenditure.

The House in its consideration however shores up the budget by N5, 051,959,202 billion. The budget was adjusted in the administration sector to N15, 058, 214,90billion, as against N148 billion.

Damian Lawani, APC member representing Estsako Central and chairman, Appropriation and Project Monitoring, while presenting the committee report, said the budget reflected the views of the people and was designed to complete all ongoing projects.

Victor Edoror, speaker of the House, said the budget estimate was highly scrutinised and increased following the needs of the people.

 

IDRIS UMAR MOMOH