Ekiti, Cross River govs present N375.7b, N498b for 2025 budgets

Ekiti State governor, Biodun Oyebanji, has presented before the state House of Assembly a sum of N375.7 billion as the proposed budget for the 2025 fiscal year.

Oyebanji who presented the budget estimates at the Assembly complex on Tuesday explained that the appropriation bill when passed would help his administration to consolidate his efforts in infrastructure development and improve the state’s economy in line with the shared prosperity agenda.

According to him, the 2025 budget which is tagged, ‘Budget of Sustainable Impact’ would focus on ensuring food security, wealth creation and welfare of the people to enhance the productivity of the people and the economy.

He added that the government has made adequate provisions for the implementation of the N70,000 new minimum wage for workers and pensioners, saying that negotiations between the government and organised labour would soon be completed.

Similarly, Governor Bassey Otu of Cross River State, yesterday presented a 2025 budget proposal of N498 billion to the state House of Assembly for consideration and approval. The budget, entitled “Budget of Sustainable Growth”, comprises N170 billion in recurrent expenditure, which is 35 per cent of the total budget, and N328 billion in capital expenditure, which is 66 per cent of the budget.

Otu said the budget is a continuation of his administration’s philosophy of “People First”, focusing on inclusive growth, sustainable development and the well-being of everyone.

He said the budget is expected to be funded by the Federation Allocation, Grants from international organisations, and internally generated revenue, among others.