Oshiomhole presents N111.5bn 2016 Budget
Governor Adams Oshiomhole of Edo State has presented the state’s 2016 budget of N 111.5 billion to the state House of Assembly for approval. Tagged “Budget of Finishing Well” the 2016 budget is 12.6% lower than the 2015 budget which was revised downward to N127.01 billion due to economic realities. While presenting the budget, Governor said the “reduction is in line with current economic realities, especially developments in the international oil market and the dwindling inflows from the Federation Account.” He said the policy focus of the Year 2016 Budget is the completion or near completion of on-going road construction/rehabilitation projects across the State. Noting that roads at various stages of completion will be accorded priority. Capital expenditure will take N 58.9 billion representing 52.84% of the total budget, while the proposed recurrent expenditure is N 52.6 billion representing 47.16% of the budget. A breakdown of the budget shows that Education and Health s