• Friday, March 29, 2024
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EDHA increases 2019 budget estimate to N183.7bn

DFID, CIRDDOC, others call for transparency, participatory budget system

Edo State House of Assembly on Wednesday passed the 2019 appropriation estimate of N183,744,326,962,18 billion as against N175,744,852,425,37 billion presented to it by Governor Godwin Obaseki in November.

They however shored up the initial budget by N7,999,474,536.82 billion to accommodate more developmental programme of the administration.
A breakdown of the passed 2019 appropriation estimate indicates that capital expenditure was increased to N102,942,672,327.93 billion as against N95.8 billion while recurrent expenditure was shored up to N80,802,058,285,.58 billion as against N79.9 billion.
It also approved under recurrent expenditure of N20.4 billion, N7.3 billion, N3.6 billion and N24.28 billion under the sub-heads of Administrative sector, Economic sector, Law and Justice sector and Social sector.

Also approved was the Capital expenditure, administrative sector, economic sector, Law Justice sector and Social sector were N14.06 billion, N57.29 billion, N997.5 million, and N30.59 billion were respectively approved for year 2019 fiscal year budget.
Speaker of the House, Kabiru Adjoto, however, directed that a clean copy of the passed budget be sent to the state governor, Godwin Obaseki for assent.
Adjoto, who announced the end of the fourth session, second quarters of the sixth assembly, said the lawmakers sat for a period 55 days and in which a total of three bills were passed. He however said that seven bills were pending.