Edo Assembly Pass 2015 Budget

GOV. ADAMS OSHIOMHOLE PRESENTING THE BUDGET ESTIMATES FOR 2015 FISCAL YEAR TO THE SPEAKER, UYI IGBE LAST WEEK
GOV. ADAMS OSHIOMHOLE PRESENTING THE BUDGET ESTIMATES FOR 2015 FISCAL YEAR TO THE SPEAKER, UYI IGBE LAST WEEK

The Edo State House of Assembly on Monday passed the 2015 budget estimates of N159.3bn into law, slightly higher than the N156.551bn Governor Adams Oshiomhole presented to the lawmakers last Tuesday.

The budget was passed by the 15-member house, led by the Speaker, Uyi Igbe, after the lawmakers considered the 2015 appropriation bill clause by clause.

The Chairman of the Appropriation and Project Monitoring, representing Etsako East, under the All Progressives Congress, Peter Aliyu, said the budget proposal presented by the governor reflected the views of the people and meant to complete all ongoing projects.

The budget had the sum of N88. 6 billion allocated for capital expenditure, while N70. 7billion was allocated for recurrent expenditure.

This was in contrast to the sum of N87.56 billion or 55.77 per cent of the total budget presented by the governor as capital expenditure and N68.99 billion which represents 44.23 per cent of the total budget, as recurrent expenditure.

The speaker subsequently directed that the clean copies of the bill be sent to the office of the governor for his assent.

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