Nigeria News
Oshiomhole presents N156.6bn 2015 budget

GOVERNOR Adams Oshiomhole of Edo State has presented the state’s 2015 budget estimates of N156.551 billion to the state House of Assembly for approval.

Oshiomhole

Christened “Budget of Developmental Consolidation,” it is aimed at taking the state to the next level.

Made up of N87.5 billion as capital expenditure, representing 55.77 per cent and N68.99 billion, representing 44.23 per cent, the budget is N4 billion lower than the 2014 budget which stood at N160.1 billion.

He said that the budget was designed towards the completion of all ongoing projects, injection of new investments in key priority sectors of the administration which are roads construction and rehabilitation, education, health, water, rural electrification and environmental protection including drainage towards erosion control and beautification.

The governor said that the budget will also address projects for job creation particularly through economic empowerment with emphasis on micro-credit to small and medium scale enterprises; project for mass housing, expanding the revenue base, creation of the enabling environment for domestic and direct foreign investment and deepening of governance reforms.

“The budget is designed to achieve the consolidation of this administration’s developmental agenda and focus on key priority sector of government namely; infrastructure, education and health.”

The budget is classified into four sectors: Administration which takes N17.873 billion recurrent and N4.031 billion capital; Economic with N5.342 billion recurrent and N26.029 billion Capital; Law and Justice with N2.955 billion recurrent and N0.837 billion capital and Social with N20.173 billion recurrent and N46.665 billion capital.

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