Governor Obaseki Presents 2021 Budget Proposal Of N153billion
By Victor Ofure Osehobo
Edo State Governor, Mr. Godwin Obaseki, on Tuesday presented a budget proposal of N153.4bn to the Edo state Assembly for the 2021 fiscal year, allocating N58.6bn for capital expenditure.
Obaseki stated that the appropriation bill had a 10 percent increase over that of 2020 and would be used to finance the Make Edo Great Again program of his government, which formed the basis of his reelection.
Tagged, “The 2021 Make Edo Great Again (MEGA) Budget”, he said, the “budget has been crafted taking into consideration the new fiscal and macro-economic realities”.
The Governor added that the budget will be financed by N71bn from the Federation account, N36bn from Internal revenue sources, and over N25bn from grants and loans.
According to the governor, “The 2021 budget is exclusively pinned on robustly responding to the dislocations caused by the coronavirus pandemic, whilst building a workforce of the future in our bid to make Edo State great again”.#
