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Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly (6317 Views)

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Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Aisosa25: 5:50pm On Nov 10, 2020
Obaseki presents N153.4bn 2021 budget proposal to Edo Assembly

… education, health, infrastructure get lion share
[/i]

… prioritises capacity building, hiring professionals into civil service to boost efficiency[i]


The Edo State Governor, Mr. Godwin Obaseki, has presented a N153.4 billion budget proposal to the Edo State House of Assembly, for the 2021 fiscal year, representing a 9.7 percent increase from the revised 2020 budget.

Obaseki, who presented the budget to the Assembly sitting at the old Legislative Chambers in Government House, Benin City, said the budget comprises N94.8 billion for recurrent and N58.6 billion for capital expenditure.

The governor said the document christened ‘Making Edo Great Again (MEGA) Budget,’ is exclusively pinned on robustly responding to the dislocations caused by the coronavirus pandemic, whilst building a workforce of the future.

He noted that the N94.8 billion recurrent expenditure estimate for 2021 fiscal year represents a 24 percent growth from the N76.6 billion actual expected in the 2020 fiscal year.

According to him, “The main driver of this growth is increase in allocation for salary payment and pension contributions to cater for new hires occasioned by the ongoing civil service transformation project.”

Obaseki said the impact areas for 2021 fiscal year include education, which will gulp N20.8 billion; human capital and civil service reforms, N6.1 billion; pension and gratuities, N12.8 billion; contribution to the State Health Insurance Scheme, N1 billion; health sector, N10.3 billion and physical, urban and regional planning, which will gulp N9 billion.

Other critical sectors, according to the governor, include roads and transport infrastructure, which will receive N14.8 billion; economic growth and employment enablers, N7.6 billion, while administration gets N8.7 billion.

He said the N153 billion receipt expected in 2021 fiscal year would accrue from FGN/FAAC, N71 billion; Internally Generated Revenue (IGR), N36 billion; Grants, N9.8 billion; Loans 15.3 billion; Capital Development Fund Receipts, 13.8 billion, while the state will have an opening balance of N7.5 billion in the fiscal year.

He added: “With the collaboration of this Honourable house, we have designed a unique instrument through which the state government can attract private sector funding targeted at key development projects. This was done in a manner that does not place a heavy burden on the state government’s balance sheet. Our combined efforts have thus led to our ability to syndicate N25 billion of private sector funding, of which N13.8 billion will crystalise in FY2021.”

Stressing that the budget would address challenges in critical sectors of the economy, the governor said the 2021 budget is primed at strengthening the state’s healthcare system across board, sustaining gains in the education and social sectors, providing needed stimulus to drive food security, supporting the weak and vulnerable in the society and actively engaging the youths.

“It is pertinent to note that these targeted investments are on the state’s most valued resources – its people. As a government, we strongly believe that to truly build and sustain a vibrant and productive state, we must first boast of a thriving, capable population, particularly the youths, buffeted by the right systems to sustain their existence and livelihoods,” he added.

On the achievements in the outgoing year, Obaseki said, “We recorded improvement in the agricultural sector with the incursion of new investors to the state, in furtherance of our vision to make agriculture the mainstay of our economy.

“With the very transparent land management system emplaced with the operations of the Edo State Geographic Information Service (EdoGIS), a lot more investors are taking advantage of our rich and fertile land to do business, growing investment in commercial farming.

“I am pleased to inform you that the Edo Oil Palm Initiative in which we partnered with the Central Bank of Nigeria (CBN) has taken off with the allocation of over 40,000 hectares of land for cultivation to six firms.

Noting that the state has made tremendous progress in its industrialisation drive, Obaseki said the state’s industrialisation policy is targeted at opening up the space for investment to facilitate big-ticket projects to site in the state so as to create wealth for the people and diversify the state’s economic base.

He noted that the commissioning of CCETC-Ossiomo Power Plant will be the catalyst for the state’s industrialisation, as the project would make ready and reliable electricity available for manufacturers, adding, “We are on course on the Benin River Port and Edo Enterprise Park projects, as the Edo Production Centre shows us signs of things to come. At the centre, which enjoys 24-hour electricity, we have seen the explosion of the Edo enterprising spirit.”

“The Edo Modular Refinery was the cynosure of all eyes this year as our partners on the project made immense progress and are on course to commission the plant, which would play a significant role in recalibrating the state’s economy.
“This project offers us a chance to be a leader in building modular refineries with the fabrication yard at the facility, we would also benefit from the increased economic activity in the state’s oil and gas scene, leading to more tax and growth in Gross Domestic Product (GDP),” he noted.
Reviewing the education sector in the outgoing year, the governor said, “because we were forced to shut down schools for an extended period, the government had to devise innovative ways to engage children and ensured that they continued to learn while at home.”

According to him, “Owing to the reforms, which we had commenced through the Edo Basic Education Sector Transformation (EdoBEST) programme, we were able to transition to e-learning using the EdoBEST@Home platform.

“Working with our partners and telecoms companies and utilising our EdoBEST technology platform, virtual classrooms were created and teachers were able to teach children while they were at home. This our response through the EdoBEST@home initiative has been applauded globally and it has earned Edo State an award as one of the 5 top education accelerator countries in Africa, in the league of Egypt, Rwanda, Mozambique and Sierra Leone.

“At the secondary education level, we are utilizing the learnings and experience gained from EdoBEST to restructure and revamp our senior secondary schools.

“Training of teachers is the key to educational reforms. I am pleased to inform you that the National Council of Colleges of Education (NCCE) has given approval for the establishment of the Edo State College of Education, with three campuses in Abudu, Igueben and Afuze, catering for the three senatorial districts of the state.”

Receiving the 2021 budget proposal, Speaker of the Assembly, Rt. Hon. Marcus Onobun, commended Governor Obaseki for prioritizing the welfare of Edo people, assuring him of the support of the House in his quest to make Edo great again.

Giving a vote of thanks after the budget presentation, Majority Leader of the House, Hon. Henry Okhuarobo, said the governor has shown himself to be a focused leader by presenting the budget only a few weeks after his re-election.

He said: “You have shown to our generation, particularly Edo youths that you are a dependable leader. We hope and pray that in the nearest future, your name will be remembered like other great Edo leaders like Samuel Ogbemudia and Ambrose Alli.”

PHOTO CAPTION

IMG_01
Edo State Governor, Mr. Godwin Obaseki (left) presenting the 2021 budget proposal to the Speaker, Edo State House of Assembly, Rt. Hon. Marcus Onobun, at the Old Legislative Chambers in Benin City, on Tuesday, November 10, 2020.

IMG_01
R-L: Edo State Governor, Mr. Godwin Obaseki; Deputy Governor, Rt. Hon. Comrade Philip Shaibu; Chairman, Edo State Chapter of the Peoples Democratic Party (PDP), Dr. Tony Aziegbemi; Secretary to the State Government, Osarodion Ogie Esq., during presentation of the 2021 budget proposal to the Edo State House of Assembly, at the Old Legislative Chambers in Benin City, on Tuesday, November 10, 2020.

https://www.google.com/amp/s/businessday.ng/news/article/obaseki-presents-n153-4bn-2021-budget-proposal-to-edo-assembly/amp/

3 Likes 1 Share

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Simplebeauty: 6:17pm On Nov 10, 2020
grin
some people will cry premium tears when they see this news






Kindly check my signature for a great deal.
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by hidhrhis(m): 6:17pm On Nov 10, 2020
grin
if my son no become a footballer den he will become a politician

5 Likes

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by IMASTEX: 6:17pm On Nov 10, 2020
If loopholes are well blocked, godfathers & party members put on allowance for doing nothing is stopped including moderating the size of political appointees, funds will go along way towards the state development.

4 Likes

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by UncleHaba22: 6:18pm On Nov 10, 2020
G
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by fatymore(f): 6:18pm On Nov 10, 2020
I sell bed sheets.


Once you are from.Nairaland a great discount for you

3 Likes 2 Shares

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Enudapan: 6:18pm On Nov 10, 2020
nah eh! no qualms
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Shortcut2life: 6:18pm On Nov 10, 2020
Una way dey book space don smoke weed for this site grin kilodeee is it your birth right ?

2 Likes

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Smellymouth: 6:18pm On Nov 10, 2020
This country na cruise.
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by GIANTPLUSHUB: 6:19pm On Nov 10, 2020
Mheen! May the budget greatly serve the needs of the people.
USA/India/China shopping & Shipping. Check my signature below.
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Yinka1984(m): 6:19pm On Nov 10, 2020
That looks poor,it is high time states stop depending on federal allocation for survival,they need to think out of the box by generating revenue internally.
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Patrickyemi: 6:20pm On Nov 10, 2020
funny when it states education , health and infrastructure to get the lion share, when we all know corruption gets the lion share, others get the chicken, and goat share.
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by BIGGESThead6: 6:20pm On Nov 10, 2020
This Ugly and incompetent Governor is at it again. He kept presenting Budgets year in year out, with no visible projects on sight.

4 Likes 1 Share

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Joshualee: 6:20pm On Nov 10, 2020
Obaseki cashout grin

1 Like

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Homeboiy: 6:20pm On Nov 10, 2020
Where is oshiomole?

1 Like

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by BruncleZuma: 6:20pm On Nov 10, 2020
grin grin grin grin
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by iampeterben(m): 6:21pm On Nov 10, 2020
Not too exuberant its okay, God help him to achieve a lot with it.

4 Likes 1 Share

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by octembu: 6:22pm On Nov 10, 2020
But Nigeria is poor shaa. I mean, a state of about 8 million people can't have up to $500m to spend for a year. As in, for real.

3 Likes

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Nobody: 6:22pm On Nov 10, 2020
That's huge
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by EngrHumble(m): 6:22pm On Nov 10, 2020
Nigerians Get wahala sha.. some say d total Expenditure too Big, why some dey say too small. Ah nawa oh


God Bless You Gov Obaseki

God Bless The Good People Of Edo

2 Likes

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by tot(f): 6:22pm On Nov 10, 2020
Homeboiy:
Where is oshiomole?

Licking his wounds grin

2 Likes

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by EngrHumble(m): 6:25pm On Nov 10, 2020
Yinka1984:
That looks poor,it is high time states stop depending on federal allocation for survival,they need to think out of the box by generating revenue internally.


Wetin look poor for there chief revenue generator?

3 Likes

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Ademoore07(m): 6:25pm On Nov 10, 2020
BLUELemon:
That's huge
Shut up, boy. What do you know abou Edo state?

2 Likes

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Cvwriter1(m): 6:26pm On Nov 10, 2020
His issues

1 Like

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by EngrHumble(m): 6:26pm On Nov 10, 2020
BIGGESThead6:
This Ugly and incompetent Governor is at it again. He kept presenting Budgets year in year out, with no visible projects on sight.


Lol He pain U sha, try go hug Transformer
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Ademoore07(m): 6:28pm On Nov 10, 2020
iampeterben:
Not too exuberant its okay, God help him to achieve a lot with it.
I thought i was the only one that observed it. Thats prudency. Meanwhile, lagos state tabled over 1.5 trillion naira budget. Imagine
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by StrongInBed: 6:28pm On Nov 10, 2020
THE SLAYER OF TINUBU AND ALL AFONJA LOCAL POLITICS.

THE REAL CO OWNER OF ECO LAGOS WITH THE GREAT IGBOS.

ALL HAIL THE NEW KING.

1 Like

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by BIGGESThead6: 6:28pm On Nov 10, 2020
Homeboiy:
Where is oshiomole?

Handsome OSHIOMOLE Dey flex life with the Policy makers in ABUJA

1 Like

Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by WonderManly(m): 6:28pm On Nov 10, 2020
Good move!
But It's just that Tinubu, Oshiomale and APC will not like this. grin grin shocked shocked
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by Creeza(m): 6:30pm On Nov 10, 2020
Too small if you ask me..I believe he should also carve out more towards infrastructure in lieu of alaghodaro scheme.
well, what do I know; edo no be lagos
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by MediMedi(m): 6:34pm On Nov 10, 2020
Which kind mouth em open for that 1st picture sooo
Re: Obaseki Presents ₦153.4 Billion 2021 Budget Proposal To Edo Assembly by OVB123: 6:35pm On Nov 10, 2020
BIGGESThead6:
This Ugly and incompetent Governor is at it again. He kept presenting Budgets year in year out, with no visible projects on sight.
He pained you.

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