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EKSG signs N375.7bn 2025 appropriation bill into law

✓Sets 51% for Recurrent Expenditure, 49% for capital Expenditure

Editor by Editor
December 30, 2024
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BY LAW IBITOYE

Ekiti State Governor, Biodun Oyebanji has signed  2025 appropriation bill of Three Hundred and Seventy-Five Billion, Seven Hundred and Ninety Million, Seventy-Seven Thousand, Six Hundred Eighteen Naira, Fifteen Kobo (N375,790,077,618.15) into law.

Oyebanji  who christian the 2025 budget as the Budget of Sustainable Impact with 51% for Recurrent Expenditure, 49% for Capital Expenditure. Saying the budget will soon be presented to the public.

The Governor who said the revenue target would be a standard for the full  implementation of all programmes, policies and projects outlined in the budget. Also promised to strengthen relationships with development partners to rally  support for specific projects in Ekiti state.

The  statement reads in part, “In the 2025 fiscal year, we shall strive to meet our revenue targets to ensure the implementation of all the ambitious programmes and projects in the budget. We will also further strengthen our relationships with our development partners and seek support for the implementation of specific projects in the state.

“As you are aware, our administration places a high premium on the welfare of our public servants. The commencement of the implementation of the minimum wage in December 2024 underscores our commitment. As the saying goes, to whom much is given, much is expected. We hope our public servants will reciprocate this gesture through greater dedication to duty and the delivery of optimal quality service.

“We will also continue to address the welfare of our senior citizens who have served the state meritoriously by ensuring timely payment of their pensions and gratuities. As you may know, we are up to date on our monthly pension payments and have significantly reduced the state’s gratuity backlog. To date, we have settled outstanding gratuities owed to civil servants amounting to N5.6 billion, thereby reducing the backlog by four years.

“The total size of the 2025 budget is Three Hundred and Seventy-Five Billion, Seven Hundred and Ninety Million, Seventy-Seven Thousand, Six Hundred Eighteen Naira, Fifteen Kobo (N375,790,077,618.15), of which 51% is allocated for Recurrent Expenditure and 49% for Capital Expenditure.

“The breakdown of the 2025 Appropriation Law, the Budget of Sustainable Impact, will be presented to the public and the press by the Honourable Commissioner for Budget, Economic Planning, and Performance Management in the coming days.”

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