Edo Govt. reduces 2017 budget estimate by 16.49 percent

Godwin Obaseki [Photo credti: Naij.com]

The Edo State Government said it has reduced the state 2017 budget to N127.92 billion from N153. 9 billion earlier estimated.

The decision was taken by the state executive council on Friday in Benin and communicated through a statement by the state Commissioner for Communication and Orientation, Paul Ohonbamu.

The statement said that after careful deliberation and examination, the 2017 budget estimate of about N153.19 billion was cut down to N127.92 billion, representing 16.49 per cent reduction.

The state government said that the reduction was necessitated by the creation of new ministries as well as the current economic realities in the country.

It also said that the new budget estimate would be sent to the State House of Assembly for consideration and passage.



Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: Revealed!!! The Only Way Left of Getting an Extra Large Manhood and also Last Up to 38Mins+. Get the Insider Secret Here

TEXT AD: New Discovery Reveals 3 Secret Fruits that Help Men Last 25mins in Bed and Increase Manhood Size. Click Here!

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.