…predicts brighter future
Delta State Government says it has exceeded its revenue projection mid-year into the 2025 budget, by 150%, and has predicted brighter future for the state and it’s citizens ahead of the 2026 budget.
Sheriff Oborevwori, the State governor, made the revelation during the state stakeholders’ engagement on 2026 budget planning process, an event held in Asaba, at the weekend.
The governor, who was represented by Sonny Ekedayen, the Commissioner for Economic Planning, recalled that the 2025 budget size was N972.2 billion out of which N630.5 billion was earmarked for Capital Expenditure while the Recurrent Expenditure was pegged at N348.8 billion.
“As at the mid-year, the total implementation came to about N778 billion by way of revenues we received. That is, we overshoot our revenue projection by 150^ within the same period and so deserve applause”, he said.
Of this amount, he said the Internally-Generated Revenue (IGR) alone was N104 billion as against N134 billion budgeted for the whole year, attributing the success to the vision and direction the current administration is providing. Also, this performance is a function of the prudence and judicious use of tax-payers monies which is now boosting public confidence as the level of compliance has increased, he added.
On expenditure, he disclosed that out of the N630 billion that was earmarked for capital budget, mid-year, N301 billion had been spent, which is about 96 percent pro-rated performance. “The government is spending heavily on infrastructures as a lot of payments are made to contractors. This year, we are expecting that the figures would be sustained as we end the year”, he explained.
“The performance on the recurrent expenditure side is also looking green with over N200 billion spent against the budget of N348.8 billion, when pro-rated, we have about 86^ performance.
That is also keeping a level with the performance of the capital budget.
