The Delta State Executive Council has approved a proposed budget of N936 billion for the 2025 fiscal year, with a target of N140 billion internally generated revenue (IGR).
This was disclosed to newsmen after the SEC meeting presided over by Governor Sheriff Oborevwori.
Commissioner for Economic Planning, Mr Sonny Ekedayen, said the proposed budget comprised N587.4 billion, representing 62.75 per cent for capital expenditure with N348.7 billion, representing 37.25 per cent, for recurrent expenditure.
Ekadeyan, who was flanked by Commissioner for Information, Dr Ifeanyi Osuoza, and his counterparts in Works (Rural and Riverine Roads), Mr Charles Aniagwu and Riverine Infrastructure, Hon. Ebikeme Clark, said the 2025 proposed budget was premised on an exchange rate of N1,300 per dollar.
He said: “The budget size is N936,078,818,719 billion, broken down into capital and recurrent components of N587,361,060,084 billion capital, representing 62.75 per cent, while the recurrent component is N348,717,758,635 billion, representing 37.25 per cent.
“This budget reflects our commitment to key sectors with a balanced approach between recurrent and capital expenditures.
“This 2025 proposal is 29.12% larger than the current year’s budget, demonstrating our dedication to advancing the state’s development.
“Our 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 emphasised Oborevwori’s administration to transparency and accountability, stated that the 2025 budget will be 100 per cent 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.
“To give a clearer perspective, we anticipate that our Internally Generated Revenue will reach at least N140 billion.
“For the 2025 project proposals, this combination of federal allocation and internally generated revenue will be the primary sources of funding.”
Clark said the SEC ratified Governor Oborevwori’s approval for the construction of Model Secondary School in Oporoza and Construction of access road to Nigeria Maritime University Okerenkoko both in Warri South-West Local Government Area of the state.
Clark said: “The Nigerian Maritime University is a Federal institution but the Governor deemed it fit to construct the road connecting the temporary site to the permanent site of the university.
“The people of riverine areas are happy with the Governor and they believe that with time he would do more for them.”
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