Obaseki proposes N34bn welfare package for workers in 2020

Governor Godwin Obaseki of Edo state has earmarked the sum of N34 billion for workers’ welfare in the 2020 budget.

The fund is part of the state’s 2020 budget proposal of N177.601 billion he presented to the State House of Assembly on Wednesday.

He said the fund was indication of his “commitment to implement the new minimum wage and building capacity of actors within government bureaucracy.”

Top on the priority of the budget estimate christened ‘Budget of Consolidation’ are workers welfare, education, infrastructure, health, industrialisation, sports, security, pension and gratuities.

The workers’ welfare projection represents 31 percent increase in allocations for personnel cost compared to the 2019 fiscal year.

The budget comprises N85.539 billion for recurrent and N92.062 billion for capital expenditure, based on a $55 per barrel bench mark for crude oil and average daily production of 1.8m barrels per day as well as an increase in Internally Generated Revenue (IGR),

A breakdown of the budget showed that Security Trust Fund got N2 billion; Pension and Gratuities, N14 billion; Contribution to the State Health Insurance Scheme, N1 billion; Primary Health Care Reform, N1 billion.

Others are: the Edo Basic Education Sector Transformation (Edo-BEST) programme, N8 billion; Constituency Development Programme, N6 billion; National Sports Festival, N3 billion; and the Industrial Park, which will gulp N3 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *