The governors of Edo and Lagos states, Godwin Obaseki and Babajide Sanwo-Olu have presented the 2021 budget proposals to their respective state assemblies.
In Edo state, Obaseki, while presenting the budget before the lawmakers said that the budget comprises N94.8 billion for recurrent and N58.6 billion for capital expenditure.
That is a total of N153.4 billion, a figure that represents a 9.7 percent increase from the revised 2020 budget.
Obaseki presents N153.4bn 2021 budget proposal to Edo Assembly https://t.co/GnpJB0Xsej
— Godwin Obaseki (GGO) (@GovernorObaseki) November 10, 2020
The governor who christened the document, “Making Edo Great Again (MEGA) Budget,” stated that it was designed to respond to challenges brought by COVID-19 and to build the future.
“The main driver of this growth is increase in allocation for salary payment and pension contributions to cater for new hires occasioned by the ongoing civil service transformation project,” he said.
In Lagos, Sanwo-Olu, on Tuesday, presented the 2021 budget appropriation of N1.155 trillion at the Lagos House of Assembly.
Sanwo-Olu, who christened it “Budget of Rekindled Hope,” said that it reflected the state’s determination to conquer the challenges of the last 10 months.
He added that the budget had a proposed Recurrent Expenditure of N451.75 billion and a Capital Expenditure of N703.27 billion.