Edo State Governor, Godwin Obaseki, has presented a budgetary proposal of N153.4 billion to the Edo State House of Assembly for the 2021 fiscal year.
The budget, christened “Making Edo Great Again (MEGA)” represents 9.7 percent increase from the 2020 revised budget.
Obaseki said the budget comprises of N94.8 billion for recurrent and N58.6 billion for capital expenditure.
He noted that the N94.8 billion recurrent expenditure for 2021 fiscal year represents a 24 percent growth from the N76.6 billion in the 2020 fiscal year.
“The main driver of this growth is increase in allocation for salary payment and pension contributions to cater for new hires occasioned by the ongoing civil service transformation project.
“The impact areas for 2021 fiscal year include education, which will gulp N20.8 billion; human capital and civil service reforms, N6.1 billion; pension and gratuities, N12.8 billion; contribution to the State Health Insurance Scheme, N1 billion; health sector, N10.3 billion and physical, urban and regional planning, which will gulp N9 billion,” he said.
He added that roads and transport infrastructure will receive N14.8 billion; economic growth and employment enablers, N7.6 billion, while administration will get N8.7 billion.
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