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Edo To Generate, Distribute Own Electricity In 2023 To Boost IGR ~ OsazuwaAkonedo
Nov 17, 2022
Edo To Generate, Distribute Own Electricity In 2023 To Boost IGR ~ OsazuwaAkonedo #2023 #Artefacts #Benin #budget #edo #Electricity #Godwin #IGR #Obaseki #OsazuwaAkonedo https://osazuwaakonedo.news/edo-to-generate-distribute-own-electricity-in-2023-to-boost-igr/17/11/2022/ By Godwin Obaseki
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0:00
by Godwin obesity Dash I'm glad to stand before this
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distinguished house to Express gratitude to the speaker and honorable members of the House for the unwavering support and
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solid Alliance we formed in building a prosperous and formidable State these past six years
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The Cordial and mutually beneficial relationship between the legislature and the executive arm of government has
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enabled us to create a healthy working environment which has enabled us to deliver on our development objectives
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and created benefits for Edo citizens you have enacted new laws updated
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Obsolete legislations and maintained oversight function the legislature has continued to play a critical role in
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delivering good governance to the people of Edo state it is on record that this house under your leadership has despite obvious
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constraints performed creditably and achieved what can be termed extraordinary legislative feats
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permit me to praise the efforts of this performing house which has been able to pass 40 bills into law in the last 24
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months Edo people will forever remain grateful to you in 2023 fiscal year our policies
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programs and initiatives will be streamlined across the following areas
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developing our human capital and preparing our young population for a new world of work
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deepening the public and Civil Service transformation so that government can support its rapid transformation
1:20
activities economic growth by creating the enabling environment to support businesses
1:26
particularly smes distinguished speaker and honorable members today I stand before you to reel
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out the achievements recorded in the outgoing year and also a value with the core program that will Propel and
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influence our performance I will also provide projections on our priority areas and estimates of how we intend to
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realize them overview of the Year 2022 Mr Speaker in 2022 I can confirm that we
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have a good story to tell Edo people in the world despite the global economic problem created by the Russia Ukrainian war and
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other domestic fiscal and monetary misalignment we are proud to confirm that we recorded a budget performance of
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over 90 percent and also sustained a healthy capital expenditure Mr Speaker and honorable members our
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impressive budgetary performances as a result of our pragmatic approach to governance
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in the course of 2022 we increased efforts to improve service-wide transformation in the civil and public
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service the e-governance digital platform we need to work was adopted which has now computerized roles and
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activities in the Civil Service our efforts at restructuring government and public institutions have resulted in
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better service delivery across board even as we have attracted Landmark investments in different sectors of the
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state's economy the civil service is now digitized in terms of process Automation and revenue
2:49
Administration while the work environment has been sanitized The Wider economy is experiencing a boon with
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domestic and foreign investors coming up with big ticket projects across Agri processing energy Hospitality solid
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minerals technology arts and culture entertainment and service sectors
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in 2022 we intensified the campaigning against land grabbing and repossessed
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the 1220 hectares land along Uriah obasagbon okigay road which was acquired
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in 2017 for a new town project we expect to commence Civil Works soon on the
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internal roads as we have concluded topography survey and soil tests on the area
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government is now going to take measures to increase the supply of land to the market as a disincentive to land
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Grabbers the campaign against land grabbing for us is one that must be one this is
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because protection and respect for property rights are fundamental to driving economic growth we have
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apprehended some of the land Grabbers and are closing on the trails of others who are still on the run it is a fight
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to the Finish the Newtown project is an integral part of our 30-year development plan which
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consists of the Benin City master plan and the Edo Regional development plan the plans are being developed with the
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buy-in of relevant stakeholders even as we have broken it down to five yearly incremental plans to ensure ease of
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implementation Mr Speaker we would be counting on your support in due course when it is time
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for legislation to ensure that the plans are enacted as legal documents that will enhance our state's long-term planning
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objectives as we make progress in delivering good governance we are not unmindful of the
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difficulties faced in the outgoing year particularly as we have had to contend with security issues in the course of
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the year as have other states across the country but with the energizing of the Edo State security network and
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synchronizing activities of the network with the federal security agencies we have been able to improve security and
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safety in Edo Mr Speaker we have a Target to make Edo State the best sub-national in Africa to live and
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prosper by 2050. this vision for us is as clear to us as day by making these
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tough choices today we are repositioning Edo state to become a very vibrant and progressive sub-national government
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macroeconomic assumptions the Nigerian economy recovered from the minus 1.92 economic slump in 2020 as a
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result of covid-19 lockdown to achieve a 3.4 growth in 2021. the economy has
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shown signs of resilience and continuous recovery into 2022 with real GDP growth
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in the first and second quarter of 2022 at 3.11 and 3.54 respectively averaging
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3.33 so far in 2022 in the same vein the economy of Edo
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state is forecasted to continue to grow from n 2.4 trillion in 2021 to n 2.5
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trillion in 2022 and further to end 2.63 trillion in 2023 this represents a GDP
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growth trajectory above the national average of 4.2 percent 5.2 in 2022 and
6:01
2023 respectively the growth of the national and State's economy will enhance the standard of living of our
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citizens create employment opportunities and boost Edo State's fiscal position
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Mr Speaker it is important to note that exchange rate volatility and inflation are the two major risks facing our
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economy today a combination of which has constrained our ability to deliver more results from the 2022 budget
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outlook for 2023 we have formulated our 2023 Edo State at
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a time of major instability and downward slump in the global and domestic economy the gradual but steady recovery from the
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covid-19 induced economic crisis has been countered by global energy crisis High inflation and the consequences of
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Russia's invasion of Ukraine as a result the international monetary fund IMF and
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the World Bank have projected the global economy to grow by 2.7 and 3.0
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respectively in 2023 a sizable decline from the 6.0 growth in global GDP in
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2021. domestic inflation rates which started during the covid-19 periods
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climbed to 20.52 in August 2022 averaging 17.56 year to September 2022
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food inflation rate is much higher at 23.12 with potential effects on food
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security and poverty the increase in the 2023 budget size relative to 2022 is as
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a result of inflation and devaluation of the currency in the open market we have to spend roughly 40 percent more in 2023
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to achieve the same results delivered with the 222 billion naira budget in
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2022 exchange rate volatility is another major macroeconomic challenge facing the
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economy and the 2023 budget the exchange rate Benchmark adopted by the federal government for the 2023 fiscal year is
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435.57 naira per U.S dollar the exchange rate has depreciated significantly over
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the years and the significant gap between the official and parallel markets where the U.S dollar is exchanging above 800 naira to one dollar
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continues to discourage foreign investment in trade the 2023 Edo state budget proposal is
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premised on an inflation worst case scenario rate of 25 with an Associated
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trickle-down impact of 40 on Commodities basic goods and services and an exchange
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rate of 470 naira to the US dollar the budget is therefore designed to mitigate
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the impact of inflation and exchange rate risks on the state's economy the 2023 budget is also designed to
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deliver a Target 5 GDP growth relative to the 3.75 GDP growth targeted by the
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fgn this will stimulate employment opportunities for our teaming Youth and Foster economic well-being for our
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citizens our achievements in 2022 in 2022 we made considerable progress in
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the March towards sustainable growth prioritizing key areas of development and building on the gains made in the
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last six years despite the excruciating economic realities we remained on course with our
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plans maintained momentum and delivering on the projections made for the year Workforce enhancement
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in the outgoing year we Consolidated on the ongoing public civil service transformation exercise ensuring a
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seamless transition into digitalizing our systems and processes in government this year we increased and implemented
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the new minimum wage of 40 000 naira which is the highest in the country this move was done in acknowledgment of the
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dire economic Straits that workers have been subjected to as a result of the Galloping inflation and other economic
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hurdles witnessed in the year following this we conducted a service-wide digitization exercise with
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a deployment of over 4 000 computers and other digital infrastructure which have helped in
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creating digital versions of government records we also rolled out the phase two of recruitment exercise which has
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injected new life into the civil service across various cadres the block be of the Secretariat complex
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was completed this year and various Ministries have moved into the facility utilizing the improved work environment
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in delivering quality service to Edo people construction has advanced in the new
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agriculture Hub which will host mdas in the agriculture ecosystem at the ADP
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property on Airport Road in the health Hub is being constructed to host all mdas in the health ecosystem
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human capital development we have sustained investment in human capital development as it Remains the
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full form for our developmental goals because we believe that our greatest assets are our people we have decided to
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strengthen our educational and health institutions to enable our people realize their full potential and get
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employment the next phase of the Edo State basic education sector transformation Edo best
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2.0 program was rolled out this year ensuring the disarticulation of the secondary school system we have
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commenced the process and a date we have disarticulated over 300 jss schools from SSS we have now trained over 15 000
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teachers who are deploying digital tablets to teach over 300 000 across public schools in the state
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technical education is also a priority for us the government science and Technical College gsdc has been a
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successful pilot for our Statewide plan to strengthen Technical and vocational education and training tdet we are
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working with Partners such as the German government and the World Bank to roll out Mort fed schools across the 18 local
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governments in the state the Edo State Polytechnic usan continues to receive the required attention where
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we are ensuring the accreditation of all its courses reforms in our colleges and universities
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are yielding positive fruits the Edo State University Azure remains a shining
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light for our reforms the Ambrose alley University is being restructured for sustainability
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the Edo State College of Agriculture with campuses in agouraiki the Gen boat
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and euromes taking shape as its reconstructed main campus in egorayaki will open for classes in the first half
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of 2023. across the major elements of the tertiary education ecosystem
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infrastructure personnel and operations we are retooling the systems to deliver greater value to our people
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Healthcare the Health Care system in the state is witnessing a total overhaul as we have
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introduced changes that ensure that the people are better served guaranteeing that Health Care is reliable affordable
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and accessible for us the focus remains on developing a vibrant Primary Health Care System we
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have transferred staff from the Ministry of Health to the Edo State Primary Health Care development agency while
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over 50 Primary Health Care Centers pheas have been revamped fitted with technology and powered with solar energy
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to ensure minimal down times leveraging strategic Partnerships with the association of Nigerian physicians
13:04
in the Americas anap we organize one of the largest Medical outreaches in the
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state providing our people with Essential Medical interventions that reached over 5000 persons who ordinarily
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would not have been able to receive that quality of care we have ensured a sustainability pathway
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by deploying the telemedicine facilities in the phcs to enable enough members in the diaspora to continue to provide
13:27
consultancy to our people the Edo State School of Nursing Sciences is today a success story we are
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oversubscribed and are expanding to accommodate more students the success of the school is a
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validation of our resolve to ensure that if our institutions of Higher Learning are structured to Global standards they
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will attain self-reliance and run in a sustainable manner the Edo State Health Insurance scheme
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has continued to enroll more persons across various sectors of the economy so as to shore up the number of persons
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making out-of-pocket payments for health care services we have made room for enrollees from the informal sector so as
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to have a robust scheme that can cater for the needs of the citizenry Public Safety and Security
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we understand that the Investments being made in Edo today would benefit from Improvement in Public Safety and
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Security this is why we invested heavily in improving the State security system with the establishment of the Edo State
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command and control center the center is fitted with state-of-the-art security equipment to assist security personnel
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and curbing crime and criminality in the state we have extended copious support to federal government security agencies in
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the state with the provision of operational bases and purchase of equipment including armored personal carriers APC speed boats and gunboats
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among others we also refurbished and rebuilt infrastructure at the police training
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school okada to assist in training members of our vigilante Network poiv and police constabulary teams
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the Edo State security network has been instrumental in pushing back against criminal elements in society they have
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helped in providing intelligence and strengthening community policing working closely with Federal security agencies
15:09
infrastructure we recorded impressive Feats in the power sector in 2022 with improved power
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generation from ishimo power company which now has 95 megawatts generation capacity and has expanded its
15:22
transmission and distribution lines on the back of our new legislation that creates a vibrant electricity Market
15:29
this power reform is instrumental to the rollout of the operation light up Edo which includes the Edo Street lighting
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project through which major roads in Benin Metropolis Archie and ecoma are now illuminated at night to boost
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economic activity in the state work is progressing steadily on the Benin River Port while the state has
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laid Fiber Optic Cables across Benin Metropolis to expand the state's digital infrastructure and improve internet
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connectivity the Fiber Optic Cables has now been extended to the 18 local government areas of the state in
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partnership with private investors we have intensified efforts to improve physical infrastructure across the state
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despite setbacks occasion by an extended rainy season which has slowed the pace of work
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however amid this we have continued Key Road projects across the state's three senatorial districts
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in Edo South the road projects include one dualization of equine Road
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2. textile mill Road 3. opagamuffee Road
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4. benina breaker Road 5. ipico Aoki Road
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6 18th and 19th streets off yusu Lagos Road 7. access road to Green Hills Factory
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8. Benin Technical College Road in Edo Central the projects are
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1. ubiaja ugbohar Road 2. aurorpin ikoma Road
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3 agbohai dam Access Road 4. fujiyaka agua Road
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while in Nintendo North the following projects are one egg beat a Wayne Road
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2 sobi say bongita Ora wrote 3. ogrega Road
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4. Ikea in Oak I Kokomo Road we have enhanced project execution and
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governance mechanisms at the ministry of roads and bridges accelerated road development program C4 plus rampant Edo
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state electrification agency with a view to achieving quality Fast Track and low-cost delivery of Metropolitan and
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Rural roads Investments to Spur economic Revolution our economic development plan is
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anchored on our 30-year development plans including the Benin City master plan and the Edo Regional development
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plan two documents that would guide our development trajectory till 2050. with
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the caliber of investors that we have attracted to Edo state in the last six years we can boldly say that the state's
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economic base has been largely recalibrated our strategy is to attract investors by
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ensuring security easy access to land availability of electricity and high-speed broadband connection in the
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state currently there is stable electricity Supply provided by a shimo power company
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which is supplying stable electricity to government establishments and street lights it also Powers the industrial
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clusters production hubs and other electricity customers in the state with the State's new electricity law
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passed by this honorable house we expect to create a vibrant Market in electricity which will lead to more
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investments in generation and distribution to reach even more communities across the state
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Mr Speaker I can confidently confirm that we have attracted not less than two billion dollar investment into the
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economy across various sectors including commercial agriculture energy Health
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Care Hospitality arts and culture entertainment and Technology many of these projects are anchored on a
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public-private partnership PPP which ensures that we have a strong alliance with private actors to collectively
19:02
Drive sustainable development the success of the Edo State oil palm program dasap has been phenomenal isop
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is one of Africa's largest Africa program today working with new investors such as dufo limited face limited Saro
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Africa International nozac flower mills of Nigeria and other existing investors
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like okumu and presco the state is leading the charge in oil palm development in Nigeria and is poised to
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dominate the sub-sector when the plantations start harvest in the next few years in the outgoing year we have added a new
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Refinery with the coming on stream of the dupor energy Park which boasts of a 10 megawatts generating power plant a
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gas processing cluster and a tier 4 data center increasing our capacity to play in the country's hydrocarbon Market once
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we obtain necessary regulatory approvals innovation in youth Enterprise
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we are always conscious as a government that Edo has a very large population of young people working with our partners
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we have set the target of training not less than 15 000 youths in the next five years in software engineering such as
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coding and soft skills in line with this we have also graduated the third cohort
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from the Edo Tech Park takeoff campus from where training is currently ongoing these
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young individuals are set to Take on the World to build Tech unicorns from our state we are also giving opportunities to
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Young creatives in the state to undertake their production in the Victor waifu creative Hub another landmark
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project of ours which is fitted with a world-class soundstage and a post-production studio with equipment
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for video and music production animation post-production is attracting filmmakers
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to the state this year almost 30 movies have been shot and produced in Edo by Big Time industry players such as rock
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studios Africa magic Etc 2023 budget of resilience and
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transformation the 2023 budget is christened budget of resilience and transformation with
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changes in global economic Dynamics and its effect on our economy states that must survive will have to transform
21:06
structurally and change the way they operate Partnerships therefore are key
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to resilience government does not have all the resources needed to engender growth and
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development that the people desire Partnerships with local and international private sector players are
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therefore germane and Expedia and so as to make progress it is on this note that the government
21:27
seeks to enhance reforms in government process stimulate economic prosperity and improve ease of doing business to
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continuously attract private Capital to engender sustainable development with several projects at the verge of
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completion in the year 2023 we hope to Galvanize All actors and harness resources to increase the opportunities
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for our people to enhance productivity and expand the economic base of our state
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budget estimates for 2023 Mr Speaker and honorable members are
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budget size for 2023 fiscal years 320.35 billion naira which is a 44.30
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increase from the 222 billion naira budgeted for the year 2022. this year
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the budget is made up of 192 billion naira for Capital and 127.5 billion
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naira for recurrent expenditure while the budgetary figures may look high on an adjusted inflation basis it
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is only slightly higher than that of 2022. the revenue estimates for the budget is
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based on a 70 per barrel Benchmark for crude oil and average daily production of 1.69 million barrels per day as well
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as an increase in internally generated Revenue igr to 60.4 billion naira owing
22:42
to reforms and tax collection and Land Management activities Our intention is to push for reforms and
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revenue in the built environment we are committed to boosting Capital spending this year to this end we expect a
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capital slash recurrent expenditure ratio of 60 to 40 respectively this
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would reinvigorate the economy providing the right impetus for the needed growth expected in the year
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the total projected revenue for 2023 is 300 billion naira consisting of
23:13
144.26 billion naira statutory allocation made up of value-added tax
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vat a 41.2 billion naira Capital receipts of 46.1 billion naira igr 60.4
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billion naira and 4 billion naira from Grants among others the balance of will
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be sourced from development financing and financial institutions our focus in 2023
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the 2023 budget is informed by the need to build a resilient and sustainable foundation for the reforms initiatives
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and programs that we have embarked on in the last six years our strategic goal is to utilize
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manufacturing technology agriculture Arts culture and entertainment as the
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Catalyst to promote sustained investment across all sectors of the Edo economy as we drive for economic growth we will
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continue to pursue policies and programs that ensure fair and balanced access to Education Health Care and social
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protection across the three senatorial districts of the state public-private partnership PPP will
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continue to dominate our investment initiatives in the new year education
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in the education sector we have set out to deepen the reform of the Oedipus basic education sector and would ensure
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the full operationalization of the disarticulated school system to ensure that our children learn stay in school
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for nine years from primary one to jss3 also acquire necessary skills to become
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globally competitive emphasis will be placed on building and Staffing the proposed 20 technical colleges and other
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vocational training centers infrastructure in order to improve the business
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environment we will be investing considerable amounts and improving our internal Road Network in the state
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emphasizing proper design and supervision of our contractors the transport master plan will be
25:02
implemented as Provisions have been made for the takeoff of the transport Authority and construction of bus terminals and trailer parks in Benin
25:09
City in AVL the state electricity agency enabled by the new electricity law will receive a
25:15
9bn to expand connections to government buildings and street lights health
25:20
in the health sector we would sustain the gains made in delivery of primary health care and the Edo State Health
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Insurance scheme over 5 billion naira has been provided to improve the phc infrastructure and staff the phc agency
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professionally we would also be exploring a number of PPP arrangements to reposition secondary and tertiary
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Health Care Facilities to work for the people we expect to run the Archie General Hospital on the PPP deal with
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Edo University was array this ensures that the people in that access of the state get the full benefit of using a
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standard tertiary Medical Center technology and youth Enterprise
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in 2023 we will continue to emphasize and invest in technology which is why we
26:04
hope to support the takeoff of the permanent site for the edotech park and other skills development initiatives so
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as to equip our youth with requisite skills to make Edo State the Outsourcing capital of Africa the skills development
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program will benefit from Partnerships with International Partners who have expressed Readiness to work with us in
26:22
building technical skills across local government areas in the state we have shown a rare knack for deploying
26:28
technology in the government this is why we have and are investing in the infrastructure and software to ensure
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technology adoption across the service we would be expanding the etogov 2.0
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interface with Oracle e-procurement kiss eras all
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geared towards ensuring that the business of government is done swiftly in Revenue Administration is enhanced to
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meet set targets our goal is that by the end of 2023 up to 30 percent of government services will be offered
26:57
online human resource development in order to achieve our goal of building
27:03
the most agile and efficient Public Service in West Africa we will continue to train our Workforce and cater to
27:09
their welfare we are intensifying hiring of the best Hands Across board through the efficient implementation of our HR
27:15
strategy performance management system and Learning and Development plan this ensures that the John odgio yagoon
27:22
Training Academy lives up to its expectations and serves to train civil servants in the best way possible for
27:28
Optimum service delivery we are also enhancing and expanding the workspace for ndas across the state
27:35
security and safety we are prioritizing Public Safety and Security with the war against land
27:41
grabbing and deepening the reach of the Edo State security network for better community policing and intelligence
27:47
gathering these programs are key to unlocking more economic growth as we understand the need for a secure
27:53
environment to drive tourism and other aspects of our economic transformation drive we have made provision for
28:00
training and purchase of more security equipment to support our security services Economic Development
28:06
we have completed our master plan to promote tourism and will be prioritizing the development of the Cultural District
28:12
to this end we have made a provision of 2 billion naira to support the construction of the Benin Royal Museum
28:19
and the 1 billion naira for the Cultural District appreciation
28:24
on this note I want to thank all Edo people as they have stood firm and reposed unwavering faith and support in
28:30
our government supporting our vision to create a resilient vibrant and inclusive state
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it is pertinent that I thank Market women Traders Artisans youths Civil Society groups traditional rulers
28:42
religious leaders organized private sector government workers and all others to numerous to mention who continue to
28:49
pray and appreciate the effort we put in transforming Edo State I want to assure them that we would continue to listen to
28:56
their concerns and yearnings and assure that we would never let any of them as we gradually start to close the curtain
29:01
on my Administration I specially Express appreciation to president muhammadu buhari for his
29:08
avuncular role in leadership in setting the country on the path of growth and progress it is with a heart filled with joy that
29:14
I especially thank Our Father the Oba of the great Benin Kingdom omonoba NATO uku
29:19
akpalapolo Obi you were too for his advice guidance and support I appreciate the leadership of our party
29:27
the people's Democratic party PDP and our leaders and members across the state they have been a solid pillar and
29:34
continue to play a crucial role in realizing the plan set in the mega Manifesto Mr Speaker and honorable members it is
29:41
my pleasure and honor to present to you the Edo State 2023 appropriation bill of
29:46
320.4 billion naira and details of the budget proposal for your consideration and approval
29:53
thank you for your kind attention at View's exclusive rights Godwin obesity
29:58
Governor Edo State being the full text of 2023 draft budget speech delivered by
30:04
his Excellency Governor Godwin obesity before a session of the Edo State House of Assembly on Wednesday November 16
30:10
2022
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