Okpebholo Signs N485.63bn Appropriation Bill into Law

***Paving way for Key development projects in Edo State

In a decisive move to accelerate development in Edo State, Governor Senator Monday Okpebholo has officially signed the 2024 Appropriation Bill of N485.63 billion into law.
The bill, which was passed by the Edo State House of Assembly (EDHA), marks a major step in the administration’s commitment to driving transformative governance and infrastructure development.
Chief Press Secretary to the Governor, Fred Itua in a statement on Monday pointed out that the budget, which was presented by the governor earlier this month, allocated N202.65 billion for recurrent expenditures, which included the operational costs of running the state’s machinery, and N282.99 billion for capital projects aimed at improving the state’s infrastructure, social services, and economic development.

Governor Okpebholo, during the signing ceremony held at the Executive Council Chamber, thanked the lawmakers for their swift and cooperative efforts in ensuring the quick passage of the bill. “I want to thank the members of the Edo State House of Assembly for their swift passage of this important document. With this budget now signed into law, Edo State is poised for a period of rapid development. We are ready to hit the ground running,” he said.

He added that the timely approval of the budget would enable the government to quickly implement key projects and meet the aspirations of the people of Edo State. “I see a team of dedicated individuals working hard to deliver on the promises we have made to the people. This is just the beginning, and we are determined to make Edo a model state in Nigeria,” Governor Okpebholo emphasized.

The signing ceremony was attended by key members of the Edo State House of Assembly, including the Speaker, Honorable Blessing Agbebaku, and other lawmakers. Speaker Agbebaku noted that the 8th Assembly had worked diligently to ensure the budget’s rapid passage, underscoring the legislative arm’s commitment to supporting the governor’s vision for the state. “Government is a continuum. We expedited the passage of this appropriation bill to allow the new administration to start its work without delay. We are united in our mission to develop Edo State,” Agbebaku stated.

The Appropriation Bill was initially presented on November 13, 2024, and underwent an accelerated review process. The speed with which the legislature and executive collaborated to finalize the budget demonstrates a strong partnership aimed at fast-tracking development in the state.

With the signing of the budget, Governor Okpebholo’s administration is now positioned to move forward with a series of vital infrastructure and social development projects, ranging from road construction and healthcare improvements to educational advancements and job creation programs. The governor has reiterated that his focus will be on projects that directly impact the lives of the people, creating jobs and improving the quality of life for Edo residents.

The signing of the N485.63 billion budget into law is a significant milestone in the new administration’s efforts to foster sustainable development and make Edo State a model of progress and prosperity within Nigeria.