Obaseki presents N177.6bn budget proposal for 2020 to Edo Assembly

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Obaseki presents N177.6bn budget proposal for 2020 to Edo Assembly

Makes provision for new minimum wage
Hails Edo people for standing against godfatherism

The Edo State Governor, Mr Godwin Obaseki has presented a budget proposal of N177.601bn to the Edo State House of Assembly for the 2020 fiscal year, representing a 3.34 per cent decrease compared to the 2019 budget.

The budget comprises N85.539 billion for Recurrent and N92.062 billion for Capital expenditure, based on a $55 per barrel benchmark for crude oil and average daily production of 1.8m barrels per day as well as an increase in Internally Generated Revenue (IGR), as a result of his administration’s reforms in revenue collection.

Continue reading Obaseki presents N177.6bn budget proposal for 2020 to Edo Assembly at Vanguard News.

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