Orhionmwon Council Chairman presents 2024 Budget of N4.4B

......N2.8 Billion Goes For  Capital Expenditure While N1.6  Billion For Recurrent Expenditure...

The chairman of Orhionmwon local government council Hon Newman Ugiagbe has  presented the 2024 budget to the legislative arm of the council, today Friday 29th of Dec. 2023. 

Ugiagbe while soliciting for speedy passage, said he's confident that Orhionmwon will witness unprecedented growth and development through this very budget which he tagged  "budget of massive infrastructural Development"

Desk of the CPS;

Orhionmwon Council Chairman presents 2024 Budget of N4.4B to the Legislators for approval

_...budget christened; Budget of Massive Infrastructural Development_

Chairman of Orhionmwon Local Government Council, Honourable Newman Ugiagbe today presented to the Legislative Arm of the Council a N4,489,500,000.00 2024 budget.

Honourable Ugiagbe said  the budget was made up of N2.8 billion Capital Expenditure making it 63% while the remaining 37% amounting to N1.6  billion is for Recurrent Expenditure

To finance the budget, the Council Boss said an estimated amount of One Billion, Six Hundred Million Naira (N1.600,000.00) from the Statutory Allocation and other Federal Receipts;  Eight Million Naira (N80,000,000.00) from Internal Generated Revenue (IGR) and Eight Hundred and Fifty Million Naira (N850, 000,000.00) from grants.

Speaking on sourcing for the balance budget sum, he said the Council have extended invitation to all Oil Exploration Companies in the locality to partner in his quest to entrench development in the area.

Reaffirming his determination to ensure development littered nook and cranny of  Orhionmwon, the Edo State ALGON Chairman posited, "I stand resolute in our commitment to prioritise Infrastructural development within our communities. This budget is a testament to our dedication to providing the necessary amenities and resources required for our people to thrive. We are determined to cement Orhionmwon's reputation as a hub of progress and growth".

In achieving the enormous task, the Okogbo born political juggernaut solicited for the Governor's support and guidance. "I humbly request your Excellency's support and guidance as we embark on this noble journey. With your unwavering support and the collective efforts of our community, I am confident that Orhionmwon will witness unprecedented growth and development" said the Council Boss.

Roy Osariemen

Chief Press Secretary

Orhionmwon Local Government Council