For the 2021 budget, Mr. Godwin Obaseki, the Governor of Edo State presented the State’s N153.4 billion proposal to the Edo State House of Assembly.
Explaining the budget, Obaseki before the State members at the old Legislative Chambers, Government House, Benin, stated that the proposal contain N94.8 billion for recurrent and N58.6 billion for capital expenditure.
He explained that the recurrent expenditure represents 24 percent growth from the N76.6 billion in the 2021 budget.
The budget document titled, “Making Edo Great Again (MEGA) Budget,” noted the proposal is to cater for the negative effect of the Coronavirus pandemic.
Obaseki said, “The main driver of this growth is increase in allocation for salary payment and pension contributions to cater for new hires occasioned by the ongoing civil service transformation project.”
The 2021 fiscal year include: education, which will gulp N20.8 billion; human capital and civil service reforms, N6.1 billion; pension and gratuities, N12.8 billion; contribution to the State Health Insurance Scheme, N1 billion; health sector, N10.3 billion and physical, urban and regional planning, which will gulp N9 billion.