Edo State Governor Senator Monday Okpebholo has signed into law a revised appropriation bill of N486 billion into law to ensure that the new administration hit the ground running.
The revised appropriation bill was passed by the Edo State House of Assembly (EDHA) and the speaker of the House Honourable Blessing Agbebaku led other law makers to the Exco chamber where the governor ascent to the bill.
The total reversed budget is N485, 634,894,248.87k and the breakdown shows that N202,647,290, 608. 85k is for recurrent expenditures and N282,987,603,640.87k is for capital expenditure
The governor thanked the law makers for their cooperation with the executive and speedy passage of the bill which will ensure that his administration delivers the dividends of democracy to the people of Edo State.
“I want to thank you for your cooperation and speedy passage of the bill. I believe if we continue in this speed Edo State will experience tremendous transformation. I see hungry men and women that are ready to work for Edo people, ready to work for the development of the State”.
Earlier, the speaker of EDHA Honourable Blessing Agbebaku said the lawmakers of the 8th Assembly speedily passed the appropriation bill as they wants the new administration to hit the ground running.
“We are here as the 8th House to present to you for your ascent the 2024 approved supplementary revered appropriation law.
“Your Excellency, I want to let you know that the House passed this appropriation supplementary revised law today because we want you to kick start your projects.
“The breakdown and analysis shows that N202,647,290, 608. 85k only shall be appropriated from the consolidated revenue fund during this period for the recurrent expenditures.
“N282,987,603,640.87k is for capital expenditure while the total expenditures is N485, 634,894,248.87k.
“We are happy to be before you today because government is continuum and you need to hit the ground running that was why it was given accelerated hearing as it was presented to us on Wednesday 13th November 2024 and it has been passed to enable your administration carry on with government businesses”.
