Oshiomhole signs 2016 Budget into Law


Jethro Ibileke/Benin
‎Governor Adams Oshiomhole flanked by Mr Lawrence Aghedo, Commissioner for Budget and Planning (left) and Rt Hon Victor Edoror, Speaker, Edo State House of Assembly (right) at the signing of the 2016 Appropriation Bill into Law‎
Edo State Governor, Adams Oshiomhole on Tuesday signed the state’s N116.6 billion 2016 Appropriation Bill into law.
The governor while signing the N116.6 budget as approved by the State House of Assembly, noted that the 2015 budget performed optimally in all sectors.
“I have just had the honour and privilege of signing into law the last budget that I will be signing in my capacity as the governor of this state, that is, the 8th budget I am signing into law. This budget provides for a recurrent expenditure of N57.1 billion naira and a Capital estimate of N59.5 billion naira, making a total budget of N116.6 billion,” he said.
“I recall that my second budget in 2009 was about N150 billion, and so we have come down from that peak of about N150 billion to a modest budget of N116 billion, that is a huge drop. Now, we have a smaller budget at a time of mounting expectations from the people of Edo State, as we have seen, the reward for hard work is more work.
“Previous governments that did nothing, the people expected nothing because they had no reputation of delivering anything. Given our track records in the areas of infrastructure across the three senatorial districts, the various sectors, education, health, environment, works and housing, the more roads we built, the more the people expect that we should do more roads, the more erosion problem we addressed, the more other communities that are also affected expect that we should also address their own problem.
“So we are having more demands in infrastructure at a time of …Read More

Source:: PM Newspaper