Edo govt raises 2025 budget by ₦125bn, gives reasons

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 jack-up of the budget.

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 government’s commitment to infrastructure development.

He explained: “Previously we have 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 in 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 with about ₦12 billion, while capital is about ₦113 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 254 kilometers 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 ₦125 billion, which is about 18 percent, and capita expenditure about 25 percent increment, 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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