Assembly passes Edo’s N116.6b 2016 budget

The Edo State House of Assembly on Thursday passed the state’s 2016 budget estimates of N116.6 billion.
The News Agency of Nigeria reports that Governor Adams Oshiomhole on December 14, 2015 presented a budget proposal of N111.5 billion to the House for consideration and passage.
The budget as presented by the governor consists of N58.9 billion for capital expenditure, while the proposed recurrent expenditure stood at N52.6 billion.
The House shored up the appropriation bill by about N5 billion.
Considering the bill clause-by-clause, the Chairman of the Appropriation and Project Monitoring, Damian Lawani (APC Etsako Central), said the budget reflected the views of the people and designed to complete ongoing projects.
During the consideration of the bill, N59.5 billion was allocated to capital expenditure, while N57.2 billion was allocated to re-current expenditure.
The breakdown of the bill showed that N15.6 billion, N4.9 billion, N2 billion and N17.8 billion were allocated for the recurrent expenditures of the administrative, economic sectors, law and justice and social sectors respectively.
Also N1.7 billion, N22.3 billion, N208 million and N35.2 billion were allocated for the capital expenditures for the administrative, economic sectors, law and justice and social sectors respectively.
The House after consideration of the document with amendments passed it into bill.
The Speaker, Victor Edoror, directed that clean copy of the bill be sent to the governor for his assent.
NAN.