EDO State Government said it has reduced the state 2017 budget to N127.92 billion from N153. 9 billion earlier estimated.
The decision was taken by the state’s execu- tive council on Friday in Benin and communicated through a statement by Mr Paul Ohonbamu, the state Commissioner for Communication and Ori- entation.
Ohonbamu said that after careful deliberation and examination, the 2017 budget estimate of about N153.19 billion was cut down to N127.92 billion, representing 16.49 per cent reduction.
He added that the reduction was necessitated by the creation of new ministries as well as the current economic realities in the country. Ohonbamu also said that the new budget estimate would be sent to the State House of Assembly for consideration and passage.