WATCH THE VIDEO HERE Naijaonpoint reports that the governor presented an estimated ₦605 billion budget for the 2025 fiscal year to the Edo State House of Assembly on Tuesday. The budget, tagged “Budget of Renewed Hope for a Rising Edo,” represents a 25% increase from the 2024 budget. During the presentation of the Appropriation Bill, Governor Okpebholo stumbled while attempting to announce the ₦605 billion figure. Despite the momentary lapse, he continued his speech, delivering key highlights of the proposal. Okpebholo explained that ₦223 billion (37%) of the total budget would be allocated to recurrent expenditure, while the remaining ₦381 billion (63%) would be channelled toward capital projects aimed at driving economic growth and development in the state. “This budget is a product of extensive consultations and embodies my administration’s commitment to achieving its five-point agenda: security, infrastructural development, healthcare, food sufficiency, and education,” Okpebholo stated. A key highlight of the budget is the allocation of ₦162 billion for road infrastructure. This allocation includes the construction of the much-anticipated Ramat Park flyover in Benin City, a landmark project designed to transform the city’s transportation network and ease traffic congestion. See video below:
The moment Edo State Governor, Senator Monday Okpebholo, faltered while announcing the state’s 2025 budget figure has been widely shared on social media.