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Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law - Politics - Nairaland

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Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Aisosa25: 5:56pm On Jul 29
[/b]Obaseki signs N128.8bn revised 2020 Budget into law

[b]
…says 30 % reduction will not affect workers’ salary, pensions

Edo State Governor, Mr. Godwin Obaseki, has signed the Revised 2020 Appropriation Bill into law with a pledge to make necessary sacrifices to ensure the sustenance of critical sectors of the state’s economy amid disruptions caused by the coronavirus (COVID-19) pandemic.

The budget, which was reduced by 30 percent from N179bn to N128.8 billion, was signed into law after the Speaker of Edo State House of Assembly (EDHA), Rt. Hon. Frank Okiye and leadership of the House presented it to the governor, at the Government House, Benin City.

Obaseki said the budget is coming at an unusual time when the COVID-19 pandemic has imposed certain challenges, noting, “The challenges may be difficult now but in the medium and long-term, this administration would need to re-think the economy of the state.

"The financial and economic consequences of COVID-19 pandemic are challenging, if not more challenging than the health crisis it created. Following several reforms taken by this administration, especially in our financial management and budgeting system, and that of the economy, the impact has not been so devastating.”

He continued: "We have been able to pay workers' salaries and also pay our pensioners on time. We will focus on critical infrastructure that is required for production. We would be realigning the Edo economy to make us stronger after the pandemic comes to an end.

"With this budget as a state, we need to make painful adjustments as we don't intend to lay off workers or stop paying pensioners. We would spend more on recurrent expenditure as we keep jobs on, but it will affect capital expenditure that we wanted to undertake this year 2020.”

Governor Obaseki assured the people of the state that despite the reduction in the 2020 Budget by 30 per cent, his administration will focus on the things that are key, important and critical for the state's development.

He added: "People and nations are no longer depending much on energy and crude oil, following the slowdown in the global economy. Transportation has been grounded, factories are not producing as we are having a cyclical shift in earning profile and its fundamentals as life may not go back to what it used to be.”

Earlier, the Speaker EDHA, Rt. Hon. Frank Okiye, said the world has found itself in rare circumstances as COVID-19 pandemic has brought the world to its knees.

He said: "When the proposed revised budget came, it didn't meet us as a surprise. Due to the great plans for the state, you presented N179 billion at the beginning of the year, for the 2020 fiscal year but due to coronavirus, we had no choice than to bring it down to N128.8 billion.”

[b][/b]PHOTO CAPTION:
[b][/b]DSC_0574:
Edo State Governor, Mr. Godwin Obaseki (middle) signing the Revised 2020 Appropriation Bill into Law. The governor is flanked by the Speaker, Edo State House of Assembly, Rt. Hon. Frank Okiye (left), and the Commissioner for Budget and Economic Planning, Hon. Momoh Oise Omorogbe, at Government House, Benin City, on Wednesday, July 29, 2020.

[b][/b]DSC_0579:
L-R: Deputy House Leader, Edo State House of Assembly (EDHA), Hon. Marcus Onobun; Speaker, EDHA, Rt. Hon. Frank Okiye; Edo State Governor, Mr. Godwin Obaseki; House Leader, Hon. Roland Asoro, and Commissioner for Budget and Economic Planning, Hon. Momoh Oise Omorogbe, after Obaseki’s signing of the Revised 2020 Appropriation Bill into Law, at Government House, Benin City, on Wednesday, July 29, 2020.

1 Like

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by oluwaVaz(m): 6:43pm On Jul 29
Wow.!!! Mama i made it.... Since i joined this platform this is my first time of making FTC, Shame to all my village people....No dey use nobody knows tomorrow threaten me na only God get am.... I dedicated this ftc to all ....God bless you all..

28 Likes 1 Share

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by AntiWailer: 6:43pm On Jul 29
Correct.

PDP don hammer.


Secondus is good at making money and will still be second.

Nice one.

30 Likes 4 Shares

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Etinosa1234: 6:43pm On Jul 29


Election fever

1 Like

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Amotekun777: 6:43pm On Jul 29
Obaseki... cool

12 Likes

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by deboysben(m): 6:43pm On Jul 29
Nice one

Your re election has been cemented.

Zombies will be in shocked come 19 sept.

16 Likes 2 Shares

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by bhella10: 6:43pm On Jul 29
Smell something? undecided

3 Likes

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Gabe427: 6:44pm On Jul 29
This is interesting blame reduction on Covid 19 or the Election

let see how this plays out

join Ethereum no be scam na how boys survive lockdown
Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by adaxing3: 6:44pm On Jul 29
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Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by juustine777(m): 6:45pm On Jul 29
HALA!
Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Dreyton36: 6:46pm On Jul 29
Money they politics ooo

MONEY THEY WHERE HE THEY JARE

if only my edo people get sense them no suppose vote either obaseki or iyamu , same thieves In the same party , switching parties don't change who you are

Bleep politicians

5 Likes

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by deboysben(m): 6:46pm On Jul 29
AntiWailer:
Correct.

PDP don hammer.


Secondus is good at making money and will still be second.

Nice one.
Na them agbo crew.

8 Likes

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Abdulnur(m): 6:46pm On Jul 29
Hehe
I don't want to hear Obasaki collapsing when EFCC drag him to court ooo

8 Likes 1 Share

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Oyikoha(m): 6:48pm On Jul 29
Hope he uses it well
Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by LandMann: 6:48pm On Jul 29
The MOU governor himself.

If you like pilfer from the budget via MOUs and consultancy before you leave... You will only end up like Igbinedion and ko..

6 Likes

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Gabe427: 6:49pm On Jul 29
I wonder what Slaawomir has to say
Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by fraymite: 6:49pm On Jul 29
Election budget. Similar to FG fund given to Yahya Bello.
Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Mo3891: 6:49pm On Jul 29
PDP are very happy
Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Abdulnur(m): 6:50pm On Jul 29
Gabe427:
I wonder what Slaawomir has to say

Damnnnn niggarrr
Issoright
*Lots of niggerish stuff, knacking konji and weed*

4 Likes

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by brightec(m): 6:50pm On Jul 29
Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Amspecial: 6:51pm On Jul 29
cheesy
Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by bhella10: 6:51pm On Jul 29
Gabe427:
I wonder what Slaawomir has to say
The same thing he says every chance he gets... Dammmmnnn niggaaar

2 Likes

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by DamnNiggar: 6:52pm On Jul 29
Damn Niggarrr
Isoright.

Election money has been passed grin
Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by EyezofGod120: 6:53pm On Jul 29
wink
Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Ndifreke31(m): 6:53pm On Jul 29

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by pabon(m): 6:53pm On Jul 29
Whatever works for the Edo people.
Please check out my new book. It's cheap. Link is on my signature.

1 Like

Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Wonderboy1(m): 6:54pm On Jul 29
Etinosa1234:


Election fever
grin
Re: Obaseki signs ₦128.8 Billion Revised 2020 Budget Into Law by Confirmedzombie: 6:54pm On Jul 29
With the budget obasek must won. I have been tolding pipol that Edo is nut lagos.

Obasek woning the election come septembar

No shaken, we are with obasek

1 Like

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