Edo State Governor, Senator Monday Okpebholo, presented a budget estimate of ₦605 billion for the 2025 fiscal year to the Edo State House of Assembly on Tuesday. The proposed budget, titled “Budget of Renewed Hope for a Rising Edo,” reflects a 25% increase from the 2024 budget.
Budget Breakdown
- ₦223 billion (37%) is allocated for recurrent expenditure.
- ₦381 billion (63%) is dedicated to capital projects.
Key Areas of Focus
- Road Infrastructure: ₦162 billion is earmarked for road development across the state.
- Education: The governor highlighted the need for improvements across all levels, with a focus on tertiary institutions. A monthly subvention of ₦500 million has been allocated to support Ambrose Ali University, Ekpoma.
- Security: The administration plans to foster peace and harmony within the state, with the procurement of 20 patrol vehicles and the lifting of the ban on the Edo State Vigilante.
- Healthcare: ₦63.9 billion has been allocated to enhance accessibility and affordability of health services, with ₦1.8 billion dedicated to Health Insurance.
- Agriculture: ₦4.5 billion has been proposed for the agricultural sub-sector to strengthen farm mechanization and ensure the safety of farmlands.
The governor expressed his gratitude to the Speaker and members of the state House of Assembly for their cooperation and support. The Speaker, Rt. Hon. Blessing Agbebaku, assured the governor of the house’s commitment to working with relevant stakeholders to ensure the speedy passage of the bill.
