Delta State Commissioner for Economic Planning, Mr Sonny Ekedayen, has said the state’s 2025 proposed N936bn budget will be funded without any borrowing.
Mr Ekedayen, who disclosed this in an interview with newsmen at the State Assembly complex in Asaba on Thursday shortly after the budget presentation by Governor Sheriff Oborevwori, said the funding would be with organically generated revenue.
He explained that a significant portion of the budget would be funded with releases from the Federation Account Allocation Committee (FAAC), while Internally Generated Revenue (IGR) would make up for the balance.
The Commissioner said the proposed budget, which was premised on an exchange rate of N1.300 dollars per naira, would improve capital and human capital projects, with a lot lined up for the social safety net, to enable the state to appropriately respond to the needs of the economically weak mostly bearing the brunt of the prevailing hardship in the country
Mr Ekedayen emphasized that the proposed budget was not just allocation of figures, but a deliberate attempt to invest in the people and infrastructure for the overall well-being of everyone in the state
He expressed optimism that when the budget would have been substantially implemented next year, Deltans would be better for it.
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