By Godspower Eguasa
The Edo State Governor, Mr. Godwin Obaseki, has said that his administration will continue to leverage the benefits of the Public-Private Partnership (PPP) investment model across many sectors of the State in the 2023 fiscal year.
Obaseki said this while presenting the proposed Budget for year 2023, totaling N320.35bn to the Edo State House of Assembly on Wednesday, christened ‘Budget of Resilience and Transformation.
“Our economic development plan is anchored on our 30-year development plans, including the Benin City Master plan and the Edo Regional Development Plan, two documents that would guide our development trajectory till 2050.
“With the caliber of investors that we have attracted to Edo State in the last six years, we can boldly say that the State’s economic base has been largely recalibrated.
“Public-Private Partnerships will continue to dominate our investment initiatives in the New Year,” the Governor said.
He continued: “Our strategy is to attract investors by ensuring security, easy access to land, availability of electricity and high-speed broadband connection in the State.”
A breakdown of the budget shows that N192 billion is earmarked for capital expenditure while the sum of N127.5 billion is earmarked for recurrent expenditure.
