Posted on: 10:42 Tue, 15 Dec 2015



Edo State governor, Adams
Oshiomhole , has presented the state’s
2016 budget of N111.5 billion to the
state House of Assembly for
consideration and approval.

According to Vanguard , the 2016
budget is 12.6 percent lower than the
2015 budget.

Oshiomhole stated that “the
reduction is in line with current
economic realities, especially
developments in the international oil
market and the dwindling inflows
from the Federation Account.”

Here is a sneak peek at some of the
allocations:

•Capital expenditure will take
N58.9 billion representing
52.84 percent of the total
budget while the proposed
recurrent expenditure is N52.6
billion, representing 47.16
percent of the budget

•A breakdown of the budget
shows that education and
health sub-sectors are areas
where the most money is
allocated, with N14 billion each

•Roads and infrastructure:
N9.24 billionaire

•Flood and erosion control: N8
billion