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Okpebholo Presents ₦939.85bn ‘Budget Of Hope, Growth’ To Edo Assembly

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Governor Monday Okpebholo of Edo State on Tuesday presented a ₦939.85 billion 2026 Appropriation Bill christened ‘Budget of Hope and Growth,’ to the state House of Assembly.

Presenting the budget, Okpebholo said the 2026 fiscal plan was carefully designed to build on the foundation laid in 2025, while expanding the reach of government programmes to directly impact the lives of Edo people across all sectors of the economy.

The governor said the budget prioritises critical areas of sustainable development, including security, infrastructure, agriculture, education, job creation and healthcare.

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He stressed that his administration remains committed to delivering “development the people can see and feel.”the governor, the budget prioritises critical areas of sustainable development, including security, infrastructure, agriculture, education, job creation and healthcare, stressing that his administration remains committed to delivering “development the people can see and feel.”

READ ALSO:Oshiomhole Criticises Obaseki’s Govt, Scores Okpehbolo High

A breakdown of the proposal shows a total expenditure of ₦939.85 billion, with capital expenditure standing at ₦637 billion, representing 68 percent of the budget, while recurrent expenditure is pegged at ₦302 billion, accounting for 32 per cent.

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Okpebholo explained that the strong emphasis on capital spending reflects his administration’s determination to fast-track development through strategic investments in roads, schools, hospitals, water supply, housing and other high-impact economic projects across the state.

He disclosed that the 2026 budget would be funded through Internally Generated Revenue (IGR) estimated at ₦160 billion, Federation Account Allocation Committee (FAAC) allocations projected at ₦480 billion, capital receipts and grants of ₦153 billion, ₦146 billion from Public-Private Partnerships (PPP), as well as other viable revenue windows available to the state.

The governor, who assured Edo residents that his government would not impose unnecessary financial burdens on citizens, noted that the administration would instead intensify efforts to strengthen revenue systems, block leakages and improve public finance management.

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READ ALSO:Okpebholo Pledges To Clear Inherited Salary Arrears, Gratuities At AAU

Under sectoral allocation, the economic sector received the largest share with ₦614.2 billion earmarked for agriculture, roads, transport, urban development and energy. Priority areas include rural and urban road construction, completion of two flyovers, drainage works, urban renewal, and expansion of farm estates and irrigation facilities.

The social sector was allocated ₦148.9 billion to cater for education, healthcare, youth development, women affairs and social welfare.

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Planned interventions include extensive school renovations, recruitment and training of teachers, expansion of primary, secondary and tertiary healthcare facilities, as well as investments in youth skills, sports and entrepreneurship programmes.

READ ALSO:Okpebholo Believes In Courage, Capacity Says Edo Poly Rector

For governance and service delivery, the administration sector received ₦157.7 billion to drive civil service reforms, staff training, deployment of digital tools, improved revenue collection systems, support for ministries, departments and agencies, and the full rollout of e-governance platforms.

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The justice sector was allocated ₦19 billion to strengthen the courts, improve justice delivery and support legal reforms and access-to-justice programmes, while regional development and local government support will focus on grassroots empowerment, community road construction, rural electrification, water and sanitation projects, and security outposts in border communities.

Governor Okpebholo said the 2026 Budget of Hope and Growth is anchored on his SHINE Agenda, built on five pillars—Security, Health, Infrastructure, Natural Resources/Agriculture and Education—with the overarching vision of creating a prosperous and united Edo State where every citizen feels the impact of governance.

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Transfer: Premier League Clubs Scramble For Dele-Bashiru

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Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

READ ALSO:Film Premiere: Edo In Talks With Embassies To Promote Safe Migration —Agazuma

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La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

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He has been a regular feature for Lazio this season.

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Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

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The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

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READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

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“This contradiction will no longer be tolerated,” the statement said.

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N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

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First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

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Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

READ ALSO:I’ve Been Blacklisted In Music Industry For 13 Years – Seun Kuti

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

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Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

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Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

READ ALSO:My Beef With Wizkid Is For Life – Seun Kuti

By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

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Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.

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