Tag: 2015 Budget

Edo State Governor, Adams Oshiomhole, on Tuesday signed the 2015 Appropriation Bill as passed by the lawmakers into law.

Oshiomhole presented a budget estimate of N156.551billion, but the lawmakers shored up the expenditure framework by almost N3billion and increased it to N159.3 billion.

The governor, who spoke after signing the budget, expressed confident that his administration would do everything possible to ensure that the laudable objectives contained in the budget are realized.

Oshiomhole assured that he would ensure the electorates get value for money in line with the tradition of managing prudently and proper costing of projects.

He promised to sustain the tradition of blocking leakages as well as aggressive pursue of revenue drive in order to find the resources to implement the budget.

He said the hope of getting the budget realized in full would depend on how the Federal Government tackles the problem of oil theft.

His words, “It is also my hope that the effort the Federal Government has been making and its currently making with regards to improving security around oil installations and all of that will lead to substantial reduction if not putting an end to crude oil theft.

“Once we can attain that, then we hope that all the revenue accruing from our oil and gas sector will become available for distribution at the federation account. If that happens, then of course our hope of getting full implementation of this budget will be realized.”

Edo State Governor, Adams Oshiomhole, Tuesday presented a budget estimate of N156.55billion for 2015 to the state House of Assembly.

The budget, according to the governor, consists of N87.56 billion, representing 55.77 per cent of the total budget, as capital expenditure, while the proposed recurrent expenditure is N 68.99 billion, which represents 44.23 per cent of the total budget.

Oshiomhole said the budget is based on the following sectoral classification and in line with global best practice – Recurrent Expenditure, Administration (N 17.873 billion), Economic (N 5.342 billion), Law (N2.955 billion) and Social Justice (N 20.173 billion).

He said, “As part of our continuous effort to entrench efficient and effective service delivery system, we will in 2015 continue to encourage and promote the training and retraining of our civil servants, including the teaching staff in our public schools, to enable us build a highly skilled and vibrant work force that will always be alive to its responsibilities.

“After decades of debilitating political and economic oppression, it is important to note that Edo people have decidedly voted for change and they do not want to go look back or give in to lamentation.

“This is amply demonstrated by the massive support they have given this administration since its inception. More than at any time in their history, our people are better sensitized.

“ On our own part, as authentic servants of our people, I am glad to also note that we have kept faith with the yearnings and aspirations of our people for a better society for this and up-coming generations.

“We have worked tirelessly, we have ushered in a new era and new ways of approaching and solving problems. Our people are by and large happy with our performance. Still, if I may borrow the words of late Kenyan political leader, Oginga Odinga, ‘it’s not yet uhuru.’

“More work is ahead because for whom much is given, much is expected. We are also racing against time. I am sure that that this realization will inform the disposition of this honourable House to this budget proposal for the 2015 fiscal year.

“Let me at this stage once again place on record my deep appreciation to Mr. Speaker and the honourable members of this House for their cooperation and support extended to the executive arm which in no small measure accounted to the positive achievements of this administration.”