Edo State governor, Senator Monday Okpebholo, has signed the 2025 Appropriation Bill of ₦675 billion, tagged ‘Budget of Renewed Hope for A Rising Edo’, into law after its passage by the state House of Assembly.
Assenting to the Bill on Tuesday, Governor Okphebholo said the budget would revive the economy of Edo State and deliver the dividends of democracy to the people.
“I have just signed into law, a budget of ₦675,220,058,858.52, tagged “A Renewed Hope Budget for a Rising Edo“. It is hoped that the 2025 approved budget will revive the economy of Edo State and deliver the dividend of democracy to the good people of the state,” he said.
The governor said, in preparing the budget, special care was taken to ensure that a larger percentage was appropriated to capital expenditure, stressing the administration’s commitment to embarking on massive capital project in the new fiscal year
He commended the Speaker of Edo State House of Assembly, Rt. Hon. Blessing Agbebaku and other members of the state legislature for the speedy consideration of the budget.
Speaking earlier while presenting the Bill to the governor, Rt Hon. Agbebaku said the budget was significantly increased from the initial sum of 605billion to ensure more funds is allotted to the agricultural sector.
