Delta State Governor, Sheriff Oborevweri, on Thursday, presented a budget proposal of N936,078,818,719 to the State House of Assembly for executing projects and programs in the 2025 fiscal year.

Presenting the budget to the Assembly, with members of the Bayelsa House of Assembly in attendance, Oborevweri stated that the amount includes N348,717,758,635 for recurrent expenditure, or 37.25%, and N587,361,060,084 for capital expenditure, or 62.75%.

According to the governor, the 2025 budget, themed “Budget of Fiscal Consolidation,” is N211 billion more than the 2024 approved sum of N725 billion, indicating an increase of 29 percent.

“The increase was largely due 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 for the year,” the governor added.

He stated that the recurrent expenditure of N348,717,758,635 is proposed to meet the government’s financial obligations on salaries, wages, and the day-to-day operations of Ministries, Departments, and Agencies (MDAs) in the 2025 fiscal year.

For capital expenditure, the governor earmarked N587,361,060,084, representing 62.75% of the total budget, which will be used to fund infrastructural development, asset acquisition, and investments in human capital.

The increase in allocation to capital expenditure over the 2024 appropriation, the governor explained, underscores the government’s commitment to channelling more resources toward the growth and productive sectors of the State economy.

The governor allocated N230 billion for road construction, N67.42 billion for education, N30.55 billion for health, while N11.03 billion and N7 billion were budgeted for water and agriculture, respectively.