Obaseki submits a budget proposal of £ 153.4 billion to the Edo Assembly for 2021
Edo Governor Godwin Obaseki has submitted a budget proposal of 153.4 billion N153.4 billion to the Edo State House of Assembly for FY2021, an increase of 9.7% over the revised budget for 2020.
Obaseki, who presented the budget to the Assembly meeting in the old legislative chambers in Government House, Benin City, said the budget includes AU 94.8 billion for recurrent spending and AE 58.6 billion for capital spending. …
The governor said the Budget to Make Edo Great Again (MEGA) document has been blocked solely to respond decisively to the disruptions caused by the coronavirus pandemic while creating a workforce of the future.
He noted that an estimate of current expenditures of 94.8 billion N.
According to him, “the main driver of this growth is the increase in allocations for the payment of salaries and pension contributions to satisfy new employees, caused by the ongoing civil service transformation project.”
Obaseki said the areas of impact for fiscal 2021 include education, which will spend 20.8 billion N. human capital and public administration reform – $ 6.1 billion; pension and bonuses – NIS 12.8 billion the contribution to the public health insurance system – 1 billion health sector, 10.3 billion NN, and physical, city and regional planning, which will absorb N9 billion.
Other critical sectors, according to the governor, include roads and transport infrastructure, which will receive N $ 14.8 billion stimulating factors for economic growth and employment – $ 7.6 billion, while the administration receives $ 8. 7 billion Argentine pesos.
He said the A $ 153 billion receipt expected in FY2021 would come from FGN / FAAC, A $ 71 billion; Internal income (IGR), N36 billion; Grants – 9.8 billion N. Loans 15.3 billion; Capital Development Fund revenues are 13.8 billion, while the state will have an opening balance of N 7.5 billion in the fiscal year.
He added: “In partnership with this House of Honor, we have developed a unique tool that the state government can use to attract private sector funding for key development projects. This was done in such a way as not to place a heavy burden on the state budget. Thus, our combined efforts have resulted in our ability to syndicate AR 25 billion in private sector financing, of which 13.8 billion articles will be disbursed in FY2021. ”
Noting that the budget will be aimed at solving problems in the most important sectors of the economy, the governor said that the budget for 2021 is aimed at strengthening the state health system in all areas, supporting achievements in the educational and social sectors while providing the necessary incentives. guide food security by supporting the weak and vulnerable in society and actively involving young people.
“It is pertinent to note that these targeted investments belong to the most valuable asset of the state: its people. As a government, we strongly believe that in order to truly build and sustain a dynamic and productive nation, we must first and foremost boast of a prosperous and capable population, especially young people who succeed in the right systems to sustain them and the means to live. existence, ”he added.
Regarding the results of the outgoing year, Obaseki said: “We have seen improvements in the agricultural sector, attracting new investors to the state, in support of our vision of making agriculture the backbone of our economy.
“Thanks to the highly transparent land administration system implemented by the Edo State Geographic Information Service (EdoGIS), many more investors are using our rich and fertile land for business, increasing investment in commercial agriculture.
“I am delighted to inform you that the Edo Oil Palm Initiative, in which we partnered with the Central Bank of Nigeria (CBN), began with over 40,000 hectares of growing land to six companies.
Noting that the state has made tremendous progress in its quest for industrialization, Obaseki said the state’s industrialization policy aims to open up investment space to facilitate large-scale projects for facilities in the state, to create wealth for individuals and to diversify the state’s economic base.
He noted that the commissioning of the CCETC-Ossiomo power plant will catalyze the state’s industrialization as the project will provide ready and reliable electricity for producers, adding: “We are on track for river port projects in Benin and Edo Enterprise Park as the Edo manufacturing center shows us signs of things to come. At the center, where electricity is supplied around the clock, we have witnessed an explosion of Edo’s entrepreneurial spirit. “
“The Edo Modular Refinery has been in the spotlight this year as our project partners have made tremendous progress and are in the process of commissioning the refinery, which will play an important role in rebuilding the state’s economy.
“This project gives us a chance to become a leader in the construction of modular refineries with a production site on site. We will also benefit from increased economic activity in the state’s oil and gas sector, which will lead to higher taxes and higher gross domestic product. (GDP), ”he said.
Looking at the education sector next year, the governor said, “As we were forced to close schools for a long time, the government had to develop innovative ways to attract children and ensure that they continued to study while they were at home.”
According to him, “Thanks to the reforms we started through the Edo Basic Education Sector Transformation Program (EdoBEST), we were able to move to e-learning using the EdoBEST @ Home platform.
“Through collaboration with our partners and telecommunications companies and the use of our EdoBEST technology platform, virtual classrooms were created so teachers could teach children while they were at home. Our response through the EdoBEST @ home initiative has been globally recognized and has earned the Edo State the honor of being one of the top five education accelerators in Africa in the league of Egypt, Rwanda, Mozambique and Sierra Leone.
“At the secondary level, we use the knowledge and experience gained from EdoBEST to renovate and renovate our gymnasiums.
“Teacher training is the key to educational reform. I am pleased to inform you that the National Council of Teachers of Colleges (NCCE) has approved the establishment of the Edo State College of Education, with three campuses in Abudu, Higueben and Afuza, which span the state’s three senatorial districts. “
Upon receiving the 2021 budget proposal, President of the Assembly, The Right Honorable Markus Onobun, thanked Governor Obaseki for prioritizing the well-being of Edo residents, reassuring him of the House’s support in its quest to make Edo great again.
Thanking after the presentation of the financial statements, Majority Leader The Hon. Henry Okuarobo said the governor showed a sense of purpose as a leader, presenting a budget just weeks after his re-election.
He said, “You have shown to our generation, especially the youth of Edo, that you are a reliable leader. We hope and pray that your name will be remembered in the near future, as will other great leaders of Edo such as Samuel Ogbemoudia and Ambrose Alli. ”
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Edo State Governor Godwin Obaseki (left) presents the 2021 budget proposal to the President, Edo State House of Assembly, The Right Honorable. Marcus Onobun, at the Old Legislative Chambers in Benin City, Tuesday 10 November 2020
RL: Governor of Edo State Mr. Godwin Obaseki; Deputy Governor, Honorable Comrade Philip Scheibu; Dr. Tony Aziegbemi, President of the Edo State Democratic People’s Party (PDP); Government Secretary Osarodion Ogi, Esq., During the presentation of the 2021 budget proposal at the Edo State House of Assembly in the Old Legislative Chambers of Benin City, Tuesday, November 10, 2020.
Source: – Working day