In a significant development, the Edo State Executive Council has approved a revised supplementary budget of N799.820 billion for the 2025 fiscal year. This represents an increase of approximately N125 billion (18%) from the initial budget of N675.220 billion. The decision was made during an emergency executive meeting presided over by Governor Monday Okpebholo on September 29, 2025.
Key Highlights of the Revised Budget
- Capital Expenditure: A substantial 70% allocation has been earmarked for capital expenditure, underscoring the government’s commitment to infrastructure development and improvement of public services.
- Recurrent Expenditure: The remaining 30% will cover recurrent expenditure, with a 5% increase attributed to the implementation of the new minimum wage and employment initiatives.
Breakdown of the Budget Increase
- Total Increase: The budget has been increased by N125 billion, representing an 18% rise from the previous budget.
- Capital Expenditure Increase: Capital expenditure has been boosted by N113 billion, marking a 25% increment from N450 billion to N563 billion. This significant increase is expected to drive infrastructure development and enhance the quality of life for Edo residents.
- Recurrent Expenditure Increase: Recurrent expenditure has been increased by N12 billion, representing a 5% rise. This increment is largely due to the new minimum wage and employment initiatives implemented by the government.
Impact on Infrastructure Development
The Edo State Government has emphasized its focus on infrastructure development, with notable projects including the construction of 254KM of roads across the state. The revised budget is expected to further support these initiatives, driving economic growth and development in the state. The government’s commitment to infrastructure development is aimed at improving the overall quality of life for Edo residents and making the state an attractive destination for investors.
Rationale Behind the Revised Budget
According to Governance Today Nigeria magazine and online news, the revised budget became necessary to fast-track the development projects promised by Governor Monday Okpebholo during his campaign. The people of Edo State have been clamoring for development, and this budget is expected to deliver on those promises. The government’s priority is to ensure that the budget is people-centric and addresses the needs of the citizens.
Next Steps
The revised budget will be forwarded to the Edo State House of Assembly for legislative consideration and passage. As stated by the Honourable Commissioner for Information and Communication, Paul Ohombamu, the government is committed to ensuring that the budget is implemented effectively to drive development and growth in the state. Once passed, the budget will be implemented, and the government will work closely with relevant stakeholders to ensure that the projects are completed on time and within budget.
By approving this revised supplementary budget, the Edo State Government has demonstrated its commitment to delivering on its promises and driving development in the state. The budget is expected to have a positive impact on the lives of Edo residents and contribute to the overall growth and development of the state.
