The Edo State Governor , Mr . Godwin Obaseki, has presented a N153 . 4 billion budget proposal to the Edo State House of Assembly , for the 2021 fiscal year.
This figure represents a 9 . 7 percent increase from the revised 2020 budget .
While presenting the budget before lawmakers at the old Legislative Chambers , located within Government House , Benin , Obaseki said , the budget comprises N94 .8 billion for recurrent and N58 .6 billion for capital expenditure .
The governor said , the document which he christened , “ Making Edo Great Again (MEGA) Budget , ” was designed to robustly respond to the dislocations caused by the coronavirus pandemic , whilst building a workforce of the future .
He noted that the N94 . 8 billion recurrent expenditure estimate for 2021 fiscal year, represents a 24 percent growth from the N76 . 6 billion accrual expected in the 2020 fiscal year.
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 . ”