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Edo Assembly passes N10.8bn supplementary budget

7th November 2018
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Edo State House of Assembly has passed into law a N10,874,000,000 Supplementary Budget for the 2018 fiscal year, and not ‘N160 billion extra budget’ as erroneously reported by some newspapers yesterday.

With the N10,874,000,000 supplementary budget passed into law by the Edo State legislature, yesterday, the total budget size of the state for 2018 stands at N160,967,330,443.52, being the combined figures of the initial N150.093 billion passed and signed into law last year, by Governor Godwin Obaseki, and the N10,874,000,000 passed into law on Monday.

Obaseki, on Wednesday, October 24, announced the decision of the state Executive Council to review the 2018 budget upward.

READ ALSO: 2019 Presidency: No alternative to Buhari – Agu

He assured that the supplementary budget will be channelled to education, agriculture, building human capital and creating wealth for the state and the people, adding that the revision is a demonstration of the state’s commitment to open governance and transparency.

He said: “In the course of the 2018 fiscal year, Mr. President approved the disbursement of the final tranche of refunds from Paris/London Club of borrowers to states and local governments (Edo State’s share of this refund amounts to N5 billion).

“Mr. President further approved the application of a portion of this refund to clear the arrears of state government’s cash contribution for Universal Basic Education Commission (UBEC) grants, resulting in a N3 billion UBEC grant in favour of Edo State.”

Tags: Edo State House of AssemblyGovernor Godwin Obasekirefunds from paris/london clubsupplementary budget
Ajiri Daniels

Ajiri Daniels

Sun News Online Team

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successes with a view to replicating same in theirs. Residents of Lagos know the party and individuals to vote for on the day of election. But some see Sanwo-Olu as a product of imposition, won’t that affect his chances? Nobody imposed him on the party that I can confidently tell you as an insider. Sanwo-Olu is the choice of the people. He was chosen by the masses, majority of which are party members who believe that he has listening hears and capable of meeting their aspirations in line with the vision of the good governance policy of the state. Do you think that Sanwo-Olu will carry stakeholders in the state along, including non-indigenes as his predecessors did? He is everybody’s friend. I know that all the stakeholders will enjoy his govern- ment because he is a detribalised and non-discriminatory gentleman. He once headed an agency of government where he gave everybody equal opportunity irre- spective of tribe and religious background. So I believe he will run an all inclusive ad- ministration when voted for as governor. How does he intend to sustain the vision, legacy and excellence of his predecessors? Sanwo-Olu is a man of excellence. He is creative and dogged in his quest to suc- ceed. In fact, due to his knack to achieve positive result, Governor Ambode having spotted the gift had appointed him to head Lagos State Property Development Corporation (LSPDC),to assist in achiev- ing the developmental goals of his admin- istration and he gave a good account of himself. Rivers State has overtaken Lagos in investment destination, according to a recent report by National Bureau of Statistics, (NBS), what is your take on that? Well, that can be attributable to infra- structure deficiency. I assure you that Sanwo-Olu will address that when he becomes governor. In any case, a serious minded and profit- oriented organisation and investor should know that Lagos is the place to be. Infrastructure, security, popu- lation, market, among others, are better in Lagos and as such return on investment is higher and quicker. Do you have any fear ahead of 2019 general election? No. There is nothing to worry about. The election will come and go. Nothing negative will happen. It is just that some of our religious leaders are creating un- necessary hypes. They are dishing out all manner of prophesies that are frightening the people, thereby causing anxiety in the land and heating up the polity. What is your advice to the electorate and to Sanwo-Olu in case he wins the gubernatorial election in Lagos? I enjoin electorate to shun vote-buying .Involvement in such act is capable of throwing up the wrong candidate, because when such a person occupies the position of authority, he will not con- sider the people’s interest, but that of his and cronies. They should vote for credible candidates that are capable of delivering dividends of democracy to their commu- nities. Furthermore, they should not just vote for any party, but should consider some individuals on their merit. This is because most people are no longer fol- lowing party ideologies; rather they want to fulfil their parochial interests as they defect from one party to the other. Sanwo-Olu on his part should know that Lagosians expect much from him. So he should not ignore the stakeholders and their wishes, particularly his party mem- bers who have considered him for this position. Lastly, he should try to diversify the economy of the state with a view to generating more revenue for the state. He can embark on agriculture, particularly, livestock farming. He can explore avail- able lands in the state for the project. For instance, large expanse of lands at Bada- gry, Ikorodu and others can serve. Besides, he should construct more road networks within the grassroots so that rural dwellers can feel the impact of his government.

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