By Festus Fifen

The Edo State Executive Council has approved a revised supplementary budget of N799.820 billion for the 2025 fiscal year, up from the initial N675.220 billion, representing an 18, Percent increase of approximately N125 billion.

The approval which followed an emergency executive meeting presided over by the Chairman-in-Council and Governor of Edo State, Senator Monday Okpebholo on Monday, September 29, 2025 is aimed at carrying out more capital projects around the state.

Briefing after the meeting, the Commissioner for Finance, Emmanuel Okoebor, explained the rationale behind the adjustment and emphasized the government’s commitment to infrastructure development.

In his words , “Previously we have a budget of N675 billion with recurrent expenditure having about 33 percent and capital 67 percent. The new revised budget now has about 70 percent for capital expenditure as against 30 percent for recurrent expenditure. It shows the commitment of governor Monday Okpebholo in infrastructural development in Edo state.

“The increment in the budget is about N125 billion, which signifies about 18 percent of the previous budget. Recurrent increased with about N12 billion, while capital is about N113 billion from the previous one. Given about 25 percent increment in Capital expenditure and just 5 percent increment in recurrent expenditure.

“It clearly shows that the government is concerned about infrastructural development making Edo people happy. We have done about 254KM of road across the state, and many more construction works are ongoing.

“Recurrent expenditure has about 5 percent increment as the increase in minimum wage necessitated that increment including a lot of employment the present administration did in hospital management board for over 1000 and it needs to be captured.

“The budget has been increased by N125 billion, which is about 18 percent, and capita expenditure about 25 percent increment, from N450 billion to N563 billion.”

Also speaking the Commissioner for Information and Communication, Paul Ohombamu, says the revised budget is expected to be forwarded to the Edo State House of Assembly for legislative consideration and passage.