Lawrence Nwimo, Awka
The Anambra State Governor, Professor Chukwuma Soludo, on Thursday presented a budget estimate of N258.9bn to the state Assembly.
The budget tagged, “Budget of Acceleration,” was presented at the State Legislative Chambers, Awka.
It was made up of a capital budget of N164.2bn, accounting for 63.2 per cent of the budget with a recurrent expenditure of N95.5bn, accounting for 36.8 per cent of the budget.
The budget, according to the governor had a deficit of N13bn.
N91.8 billion or 56 per cent of the total capital expenditure was dedicated to roads, transport, power and urban regeneration.
Presenting the budget, Soludo who commended the cordial relationship between the executive and legislative arm of government, explained that amidst the visible daunting challenges, his administration would implement its disruptive change agenda.
The governor recalled that the Seventh Assembly approved for his government to borrow N100bn, stating that he had not borrowed the money.
Speaker of the State Assembly, Uche Okafor, reiterated that in barely eight months of assumption of office, the Soludo administration had recorded tremendous achievements as government of inclusiveness, assuring that the budget would be given accelerated hearing.
