Skip to main content

Gov Godwin Obaseki signs revised 2017 budget into law.

"Edo State Governor Mr.Godwin Obaseki has signed the 2017 budget revised down to 127 billion naira from its previous 150.6 billion into law.The governor said he feels a sense of accomplishment in signing the revised budget into law because with ten months into the fiscal year,a lot has been achieved in infrastructural development of the state.

Explaining reason behind revision of the budget,Governor Obaseki emphasized it was to ensure transparency and credibility while being realistic as a government.

“It has been a difficult year especially as revenue has not met expectation but this government is doing everything to provide the best service and fulfill its electioneering promises made to the people of Edo State.

“We also created additional ministries such as Ministry of Science and Technology and did not want to vire expenditures from one sub head to another,rather we believed in doing things properly”.

Speaking further,Obaseki said the revised budget also become necessary because the state was not able to obtain the World Bank budget support approved because of the state of the Federal revenue and account.

“World bank has approved 225 million dollars budget support to Edo State. We were not able to draw a balance 75 million dollars which we anticipated will come in the course of this financial year and that was taken into account in our budgeting”.

Earlier,the speaker Alhaji Kabiru Adjoto described the revised budget as the best thing any government could do for its people as it was practical,transparent and realistic.

Alhaji Adjoto explained the reduction was both in capital and recurrent expenditure with more sacrifices in recurrent.

“Government is keen on embarking on a lot of capital projects; in fact, government has notified the House of Assembly they have advertized over 50 roads across the three senatorial districts. We are aware that very soon, the contracts will be awarded.

“The bulk of the money is in the Ministry of Infrastructure as about 15 billion naira. So capital expenditures did not suffer major reduction because projects are ongoing.”

The speaker urged other states to take a lesson from Edo in being prudent as it was the first time it was happening in Nigeria. Rather than supplementary budget, there was reduction to match prevailing circumstances.

-The Nigerian Observer

Popular posts from this blog

Kim kardashian west confirms third baby news.

In a trailer for season 14 of "keeping up with the Kardashian," Kim Kardashian West appears to confirm the rumors from earlier this year that she and husband Kanye West are having a third baby.The 60-second clip, which Kardashian West shared on Twitter, features her speaking with sister Kloe Kardashian and then teasing, "What happens every time I say, 'Guess what?'"Khloe Kardashian,33,says it means someone is having a kid."We're having a baby!" Kardashian West then answers.The reality star and businesswoman,36,did not say how they are having the baby or if they are using a surrogate as other outlets reported earlier this summer.E! News,the network that hosts the family's show, also published the baby announcement.This would be the third child for the Wests, who are already parents to daughter North West and son Saint West.Kim isn't the only Kardashian who has been in the media lately regarding an expected baby. Last week, reports surfa…

Nigerian virrgin singer, Adokiye says she is ready to auction her virginity or lose it.

Adokiye ngozi kyrian yvonne aka Adokiye often talk about how she was able to keep her virginity till her adulthood and she is determined on remaining a virgin until marriage. Recently, her made global headlines after she offered her virginity to islamic militant sec, boko haram, in return for the over 200 abducted chibok school girls, but in an interview with new telegram, the tombolo crooner says she's ready to auction it. Below is an excerpt from the interview>>
Q; if you get the offer, would you auction you virginity for a million US dollar?
A; my brother, I no fit lie to you, if this economy situation continues, well, I would be left with no choice but to do so.
Q; which Nigerian male celebrity are you crushing on that you'd allow to de flower you and why?
A; I love davido, I think he has a good heart and I 'm guessing a lot of people don't know that he's very nic and soft hearted.
Q; why did you decide to offer your virginity to boko haram in exchange fo…