Delta State Governor, Sheriff Oborevwori, on Thursday, announced that the 2025 state budget of N936,078,818,719 was targeted at cushioning the effects of fuel subsidy removal on people and all the attendant economic challenges it has brought.
Presenting the Appropriation Bill for the 2025 fiscal year to the State House of Assembly in Asaba, the governor said the budget christened, ‘Budget of Fiscal Consolidation,’ was made up of recurrent expenditure of N348,717,758,635 billion representing 37.25 per cent and capital expenditure of N587,361,060,084 representing 62.75 per cent of the total budget.
According to him, the 2025 budget is N211bn more than the 2024 approved sum of N725bn, indicating an increase of 29%.
The Governor attributed the increase to the realignment of the exchange rate which resulted in higher FAAC allocations and associated revenues.
“This is in addition to a corresponding improvement in our Internally Generated Revenues in the year.
“The 2025 budget contains several initiatives planned to cushion the effects of fuel subsidy removal on our people and all the attendant economic challenges it has brought upon us.
“These include deliberate provisions to strengthen our social protection interventions and safety nets, basic rural infrastructure, agriculture and food security, agro value chain, and MSMEs.
“The 2025 Budget focuses on continued provision of physical infrastructure, human capital development, job creation, wealth creation, and poverty reduction in our dear state.
“The state government intends to achieve these through prudent management of our resources and prioritizing expenditures on health, education, agriculture, water resources, environment, housing as well as women and youth empowerment programmes.
“In 2025, we propose to spend N230 billion on Road Infrastructure; N67.42 billion on Education; Health will gulp N30.55 billion; Water Resources N11.03 billion and Agriculture, N7 billion.”
Governor Oborevwori appealed for the speedy passage of the appropriation bill by the lawmakers.
In his remarks, Speaker of the State House of Assembly, Rt. Hon. Emomotimi Guwor, noted that the state had witnessed unprecedented development due to the Governor’s pragmatic style of governance and commended the Governor for continuing and completing inherited projects from previous administration.
He lauded Governor Oborevwori for his fiscal discipline and ensuring value for money, which he epitomised in returning over N500m to the state coffers, while serving as Speaker and for saving over N14bn for Local Government Councils across the state.
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