The people-oriented policies and programmes to be implemented by the Governor Godwin Obaseki-led administration in Edo State would gulp not less than N60 billion in the state’s 2020 budget.
The N177.6billion budget presented by the governor to the Edo State House of Assembly, last week, has a 60 percent increase in the consolidated revenue fund, which would be used for payment of pensions and gratuities and make provision for the Contributory Pension Scheme.
Obaseki said that there was also a 31 percent increase in allocation for personnel costs which would be used to defray the increment occasioned by the new minimum.
While presenting the 2020 budget to the Edo State House of Assembly, he said the budget comprises N85.539 billion for Recurrent and N92.062 billion for Capital expenditure, based on a $55 per barrel bench mark for crude oil and average daily production of 1.8m barrels per day as well as an increase in Internally Generated Revenue (IGR).
Top on the priority…
Source: Leadership Newspaper
