By Jethro Ibileke
The Edo State Executive Council has approved a revised supplementary budget for the 2025 fiscal year from ₦675.220 billion to ₦799.820 billion.
The approximately ₦125 billion increment represents 18 percent.
The approval followed an emergency executive meeting held on Monday, September 29, 2025, and presided over by the State Governor, Monday Okpebholo.
The State Commissioner for Finance, Emmanuel Okoebor, while briefing journalists after the meeting, explained that the adjustment was necessitated by the government’s commitment to infrastructure development.
He explained: “Previously, we had a budget of ₦675 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 to infrastructural development in Edo State.
“The increment in the budget is about ₦125 billion, which signifies about 18 percent of the previous budget. Recurrent increased by about ₦12 billion, while capital is about ₦113 billion from the previous one. Given a 25 percent increment in capital expenditure and a 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 254 kilometers of road across the state, and many more construction works are ongoing.
“Recurrent expenditure has about a 5 percent increment, as the increase in minimum wage necessitated that increment, including a lot of employment that the present administration did in the hospital management board for over 1000, and it needs to be captured.
“The budget has been increased by ₦125 billion, which is about 18 percent, and capital expenditure has increased by about 25 percent, from ₦450 billion to ₦563 billion.”
The revised budget is expected to be forwarded to the State House of Assembly for legislative consideration and passage.
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