Connect with us

General news

Edo assembly passes N179.2bn budget for 2020

Published

on

Edo assembly passes N179.2bn budget for 2020

Budget

Benin, Dec. 4,2019 The Edo House of Assembly on Wednesday passed the state 2020 Appropriation Bill of N179.2 billion.

This followed a motion by House Leader, Mr Roland Asoro and seconded by Mr Ephraim Aluebhosele, member representing Igueben at plenary in Benin.

The Nigeria News Agency recalls that Gov. Godwin Obaseki had on Nov. 13, presented a budget of N177.6 billion to the house for consideration.

The house, however, increased the budget by N1.6 billion to enable government complete all ongoing projects in the state.

A breakdown of the budget indicated that capital expenditure was put at N92.6 billion, while recurrent expenditure stood at N86.5 billion.

The Speaker, Mr Francis Okiye said the N1.6 billion would be sourced from anticipated Internally Generated Revenue (IGR) in the state.

Meanwhile, the House has approved the N3.5 billion loan from the Bank of Industry (BOI) for the state government to purchase fleets of buses for the Edo City Transport Service (ECTS).

The request was contained in a letter signed by the Secretary to the State Government (SSG), Mr Osarodion Ogie to the house for consideration.

Leading the debate for the approval, Asoro said the purchase of the buses would further create jobs and ease transportation in the state.

Other lawmakers unanimously supported the approval of the request and the house thereafter in a voice vote approved the request to access the loan facility.

NY /

Edited & Vetted By: Razak Owolabi/Ali Baba-Inuwa
(NAN)

Contact US: editor@nnn.com.ng, nnnnews247@gmail.com

Recent Posts

January 2020
M T W T F S S
« Dec    
 12345
6789101112
13141516171819
20212223242526
2728293031  

NNN News Nigeria: NNN is an online Nigeria news portal that publishes breaking news in politics, business, entertainment, sport, security, features, opinion, environment, education, technology, and the world news at large. NNN publishes only news that is factual, credible, verifiable, authoritative and investigative. NNN is a media subscriber of the News Agency of Nigeria. NNN is a unique media organization that is founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favor. Contact: editor@nnn.com.ng

© 2014 - 2019 NNN News Nigeria. All Rights Reserved.

editor@nnn.com.ng