Edo State Governor, Godwin Obaseki has presented a 320.35 billion naira budget to the State House of Assembly for the 2023 fiscal year, representing a 69.3 percent increase from the budgeted for the year 2022.

Governor Obaseki, who presented the budget to the Assembly sitting at the Anthony Enahoro Assembly Complex in Benin City, said the budget comprises 192 billion naira for capital and 127.5 billion naira for recurrent expenditure.

According to the governor, the document, christened ‘Budget of Resilience and Transformation,’ is informed by the need to build a resilient and sustainable foundation for the reforms, initiatives and programmes that we have embarked on in the last six years.

He added that the strategic goal is to utilize manufacturing, technology, agriculture, arts, culture and entertainment as the catalyst to promote sustained investment across all sectors of the Edo economy.

The Speaker of Edo State House of Assembly, Right Honourable Marcus Onobun said the budget proposal focuses on the aspiration of Edo People.