Oshiomhole Signs 2016 Budget Into Law | Independent Newspapers Limited
Newsletter subscribe


Oshiomhole Signs 2016 Budget Into Law

Posted: Feb 16, 2016 at 7:13 pm   /   by   /   comments (0)

Francis Onoiribholo, Benin

Governor Adams Oshiomhole of Edo State has signed the state’s N116.6 billion 2016 Appropriation Bill into law saying the 2015 budget performed optimally in all sectors.

Speaking shortly after assenting to the bill, the Governor said: “I have just had the honour and privilege of signing into law the last budget that I will be signing in my capacity as the Governor of this state, the 8th budget I am signing into law. This budget provides for a recurrent expenditure of N57.1 billion naira and a Capital estimate of N59.5 billion naira, making a total budget of N116.6 billion.

“I recall that my 2nd budget in 2009 was about N150 billion and so we have come down from that peak of about N150 billion to a modest budget of N116 billion that is a huge drop. No, we have a small ear budget at a time of mounting expectations from the people of Edo State, as we have seen, the reward for hard work is more work, is experienced here in Edo.

“Previous governments that did nothing, the people expected nothing because they had no reputation of delivering anything. Given our track records in the areas of infrastructure across the three senatorial districts, the various sectors, education, health, environment, works and housing, the more roads we built, the more the people expect that we should do more roads, the more erosion problem we addressed, the more other communities that are also affected expect that we should also address their own problem.

“ We are having more demands in infrastructure at a time of dwindling revenue because of the fear of many that they don’t know what the next governor will do. I am very confident first that by the special grace of God, our party, the All Progressives Congress (APC) will produce the next governor and because it is a family tradition, that governor will sustain and build on the foundation that we have laid. We started on ground minus zero and the next governor doesn’t need to start from ground zero; he will have to build on the foundation already laid and sometimes laying the foundation is far more difficult than building on it.”

The Governor said: “I am convinced that the foundation has been laid and I believe so firmly that it can withstand even a hundred story buildings and I know that we have men and women of competence who have imbibed the spirit of the family tradition of the APC which is that government and governance is about the people and the essence of seeking political power is to use it to allocate resources in a way that will deliver the greatest good to the greatest number of people.

“I am very proud to say that when I look at the performance of the 2015 budget on works for example, the budget performed 99% at a time of dwindling revenue. It shows that even in the face of dwindling resources, we had to prioritize and move resources to those areas that we believe would affect the ordinary man in the street.”