By Onomiguren Agbamu
In his commitment to bring meaningful development across the state, the state Governor, Rt. Jon. Sheriff Oborevwori has directed that contractors whose projects had lasted for a year or more without mobilizing to site should be determined.
The Governor gave the directive at the State Executive council meeting on Monday, when it approved a proposed budget of N936 billion for the 2025 fiscal year.
Addressing journalists after the meeting that was presided over by the governor, the State Commissioner for Economic Planning, Mr. Sonny Ekedayen, disclosed that the proposed budget comprised N587.4 billion, representing 62.75 percent for Capital Expenditure, while N348.7 billion, representing 37.25 percent, is for recurrent expenditure.
The commissioner disclosed further that; “the budget size is N936,078,818,719 billion, and was broken down into capital and recurrent components of N587,361,060,084 billion capital, representing 62.75 percent, while the recurrent component is N348,717,758,635 billion, representing 37.25 percent.
Ekedayen added that “the budget reflects our commitment to key sectors with a balanced approach between recurrent and capital expenditures.
Ekedayen noted that the state government focus areas remain clear: agriculture; support for micro, small, and medium enterprises; youth empowerment; tourism; entertainment; social safety nets through poverty alleviation; physical infrastructure; healthcare; and education.
“While this provides an overview of the proposed budget, it is still subject to review and will be officially transmitted to the State House of Assembly for further deliberation.”
Ekedayen who remarked that the Oborevwori’s administration is anchored on transparency and accountability, added that the 2025 budget will be 100% organically funded without any borrowing.
“A significant portion of the funding will come from the Federal Accounts Allocation Committee (FAAC) allocations, with our internally generated revenue serving as the secondary source.
Adding separately at the briefing, the commissioner for works, Rural and Riverine Roads, Mr. Charles Aniagwu, disclosed that Exco directed that contractors whose projects had lasted for more than one year without mobilizing to site, would be determined.
He said Exco approved several new roads, including the reconstruction of Uzere Asaba-Ase Bridge and adjoining Road in Ndokwa East and Isoko South Local Government Areas of the state.
“Exco also approved six internal roads in Isoko South as well, as Alisimie-Owa-Nta road in Ika North East, while internal roads and drainage were also approved at NYSC Orientation Camp at Issele-Uku in Aniocha North Local Government Area.
“We also approved the construction of access road to Airforce base at Osubi Airport, Opete Road by Plantation City to Opete Waterside in Udu Local Government Area among others, Aniagwu said”.
He said the approvals were in line with Governor Oborevwori’s desire to open up the communities for businesses.
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