Delta Transmits N936bn Budget Plan for 2025 to House of Assembly
Delta Government has approved the transmission of the N936 billion proposed budget for the 2025 fiscal year to the State House of Assembly for further deliberation.
The State Commissioner for Economic Planning, Mr Sonny Ekedayen, disclosed this while briefing newsmen on some of the decisions reached at the end of the State Executive Council meeting presided over by Gov. Sheriff Oborevwori at Government House, Asaba.
Ekedayen, was flanked by his counterparts for Information, Dr Ifeanyi Osuoza, Works (Rural and Riverine Roads), Mr Charles Aniagwu and Riverine Infrastructure, Mr Ebikeme Clark.
The economic planning commissioner, said the proposed budget comprised N587.4 billion, representing 62.75 percent for Capital Expenditure, while N348.7 billion, representing 37.25 percent, was for Recurrent Expenditure.
He said that the 2025 proposed budget was premised on an exchange rate of N1,300 per dollar.
“The budget size is N936 billion, broken down into capital and recurrent components of N587.3 billion capital, representing 62.75 per cent, while the recurrent component is N348.7 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 per cent larger than the current year 2024 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 said.
According to him, the Governor Sheriff Oborevwori’s administration is anchored on transparency and accountability, 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.” On his part, the Information Commissioner Osuoza, added that the council approved a range of impactful projects with the aim of impacting communities across the state.
“With the two-year anniversary on the horizon, the Council emphasized the importance of future-oriented planning.
“Accordingly, all heads of Ministries, Commissioners, and Permanent Secretaries have been directed to ensure rigorous oversight of their respective projects, with a strict mandate for high standards.
“There is absolutely no tolerance for substandard or incomplete work.
“The Council also confirmed key appointments, including the appointment of HRM, Dr Greg N. Oputa, as the Obi of Aboh in Ndokwa East, and Prof. Epiphany Azinge, as the Asagba of Asaba Kingdom in Oshimili South Local government area.”
Osuoza said that several infrastructure projects were also approved, covering critical areas including rehabilitation of Ugwhru/Ughelli/Ehidi road and construction of Chief Lyn Ivie Akporiche street, Ughelli North LGA and Amechi Aguisi street in Asaba.
“We also approved the construction of oil road/ old Okpe road in Jeddo Okpe Local Government. Exco also approved the construction of Ejeba road extension/Jelink road and the extension/Olomoro road in Isoko South Local Government,” he said.
Also, the Commissioner for Works, Rural and Riverine Roads, Mr Charles Aniagwu, said that the exco also directed that the fate of contractors whose projects had lasted for more than one year without mobilising to site, would be determined.
He said the state government 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.
“Council 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 Gov. Oborevwori’s desire to open up the communities for businesses.
On his part, Commissioner for Riverine Infrastructure, Ebikeme Clark, said the council ratified Gov. 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.
According to Clark, 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.” #Liquidity: Banks Drive Yield Surge with T-Bills Selloffs
