By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: EDO: Godwin Obaseki Signs 2017 Budget Into Law
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

EDO: Godwin Obaseki Signs 2017 Budget Into Law

Farouk Mohammed
By Farouk Mohammed
Published: February 8, 2017
Share
3 Min Read
SHARE

HIGHLIGHT

 

Contents
HIGHLIGHTGodwin Obaseki

Mr. Godwin Obaseki on Tuesday signed the 2017 appropriation bill into Law.


Godwin Obaseki

Edo State Governor, Mr. Godwin Obaseki, Tuesday signed the 2017 appropriation bill, also known as the budget of consolidation and prosperity.

This came as he also signed the Pension Bill, which will organise the implementation of the Contributory Pension Scheme.

Signing the bill before the Speaker of the House of Assembly and other principal officers of the Assembly in Government House, Benin City, Obaseki thanked the legislators for the speed and diligence with which they worked on and passed both bills.

- Advertisement -

Meanwhile, he also recounted the importance and origin of the Budget as well as the care and consideration that was devoted to formulating it.

He said: “As you recall, last year, before Christmas, I presented this bill to you for consideration. We were very clear when we were putting this bill together that there were certain key principles and budget policies, which we showed will lead to significant change in our economy.”

He also mentioned that the government was keen, while formulating the budget, to appropriate money to reform the civil service and he expressed gratitude to the House of Assembly for retaining virtually all that was asked for in the budget.

Continuing, the governor assured that based on the budget, an ad-hoc committee had been set up, which had been able to source land in excess of 2,500 hectares (a figure which may rise to 5,000 hectares) to produce about 500 ‘agripreneurs’ in the state.

- Advertisement -

In addition, the governor expressed commitment towards solving the pension problem in the state.

“If you recall the electioneering process,” he said, “I know we promised that by God’s grace, at the end of four years, we would have substantially resolved, if not totally eliminated all the pension arrears that we have.”

Furthermore, Obaseki revealed that his government had even commenced implementation of the Contributory Pension Scheme since January and that with the signing of the Pension Bill, what was left was to start settling arrears.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:2017 BudgetGodwin Obaseki
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Senate President, Bukola Saraki Appoints Hakeem Baba Ahmed As New Chief Of Staff
Next Article We Don’t Delay Infrastructure Development – Senate Replies Amaechi

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 3 weeks ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Taiwo Oyedele
FG Sets Ambitious Target to Raise Tax-to-GDP Ratio to 18% Within Three Years
Economy
Suspected IPOB/ESN Landmine Explosion Claims Six Lives in Imo Market
News
Political Rift Between Wike and Fubara Resolved After Presidential Mediation
News
NNPC
Senate Issues Ultimatum as NNPCL Fails to Appear Over N210 Trillion Audit Discrepancies
Energy & Oil
Federal Revenue Agencies to Undergo Restructuring as President Tinubu Enacts Major Tax Reform Legislation
News Top stories
- Advertisement -
Ad imageAd image

You May Also Like

NewsTop stories

BREAKING: President Tinubu Endorses Four Major Tax Reform Bills

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
Lagos State Government
News

Lagos State Government Refutes Peter Obi’s Allegation of Property Demolition, Orders Probe

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
News

Oyo State Governor Seyi Makinde Renames Polytechnic Ibadan in Honour of Late Dr. Omololu Olunloyo

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?