Edo: Okpebholo Signs N675bn 2025 State Budget into Law

Adibe Emenyonu in Benin City

Edo State Governor, Senator Monday Okpebholo has signed the 2025 Appropriation bill of N675 billion, tagged – ‘Budget of Renewed Hope for A Rising Edo’ – into law after the bill was passed by the Edo State House of Assembly.

Earlier, the governor proposed N605 billion appropriation to the assembly but passing the budget on Monday, the lawmakers jacked up the budget and added N70 billion making it N675 billion which was then passed.

Presenting the report, the chairman of the Assembly Committee on Supplies, Sunday Fada, (PDP Esan Central), noted the committee came up with the increase in the budgetary allocation to enable the governor carry out his five-point agenda in the state, hence the increase from N605 billion to N675 billion.

Assenting to the bill at the Government House, Benin City, on Wednesday, Governor Okphebholo said the budget would revive economy of the state and deliver the dividends of democracy to the people of the state.

Okpebholo said: “I have just signed into law, a budget of 675,220,058,858.52 tagged a ‘Renewed Hope Budget for a Rising Edo’.

“It is hoped that the 2025 approved budget will revive the economy of Edo State and deliver the dividend of democracy to the good people of the state.”

He also mentioned that in preparing the budget, special care was taken to ensure that a larger percentage was appropriated for capital expenditure, stressing the administration’s commitment to embarking on massive capital project in the new fiscal year

The governor further commended the Speaker of Edo State House of Assembly, Rt. Hon. Blessing Agbebaku and other members of the Assembly for the speedy consideration of the budget.

Speaking earlier while presenting the bill to the governor for accent, the Speaker, Blessing Agbebaku, also said the budget was significantly increased from the initial sum of 605billion to ensure more fund is allotted to the agricultural sector.