....CONTINUE READING THE ARTICLE FROM THE SOURCE
The moment Edo State Governor, Senator Monday Okpebholo, faltered while announcing the state’s 2025 budget figure has been widely shared on social media.
Naija News reports that the governor presented an estimated ₦605 billion budget for the 2025 fiscal year to the Edo State House of Assembly on Tuesday.
The budget, tagged “Budget of Renewed Hope for a Rising Edo,” represents a 25% increase from the 2024 budget.
During the presentation of the Appropriation Bill, Governor Okpebholo stumbled while attempting to announce the ₦605 billion figure. Despite the momentary lapse, he continued his speech, delivering key highlights of the proposal.
Okpebholo explained that ₦223 billion (37%) of the total budget would be allocated to recurrent expenditure, while the remaining ₦381 billion (63%) would be channelled toward capital projects aimed at driving economic growth and development in the state.
“This budget is a product of extensive consultations and embodies my administration’s commitment to achieving its five-point agenda: security, infrastructural development, healthcare, food sufficiency, and education,” Okpebholo stated.
A key highlight of the budget is the allocation of ₦162 billion for road infrastructure.
This allocation includes the construction of the much-anticipated Ramat Park flyover in Benin City, a landmark project designed to transform the city’s transportation network and ease traffic congestion.
See video below:
