The Edo State Executive Council has approved a revised supplementary budget of N799.820 billion for the 2025 fiscal year, up from the initial N675.220 billion, representing an increase of approximately N125 billion, or 18 percent.
The approval followed an emergency executive meeting presided over by the Governor of Edo State, Monday Okpebholo, on Monday, September 29, 2025.
Briefing journalists after the meeting, the Commissioner for Finance, Emmanuel Okoebor, explained the rationale behind the adjustment and emphasized the government’s commitment to infrastructure development.
He explained: “Previously, we had a budget of N675 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.”
Okoebor further explained the size and nature of the increment.
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He said: “The increment in the budget is about N125 billion, which signifies about 18 percent of the previous budget.
“Recurrent increased by about N12 billion, while capital is about N113 billion from the previous one.
“Given about a 25 percent increment in capital expenditure and just a five percent increment in recurrent expenditure.
“It clearly shows that the government is concerned about infrastructural development, making Edo people happy. We have done about 254KM of road across the state, and many more construction works are ongoing.
“Recurrent expenditure has about a five 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 N125 billion, which is about 18 percent, and capital expenditure about 25 percent increment from N450 billion to N563 billion.”
According to the Commissioner for Information and Communication, Paul Ohombamu, the revised budget is expected to be forwarded to the Edo State House of Assembly for legislative consideration and passage.
