Governor Willie Obiano, yesterday, presented a budget estimate of N141.9 billion for the 2022 fiscal year to the Anambra State House of Assembly for approval.

Tagged: “Continuity, Sustainability and Development of a New Anambra,” the governor said the financial document was to consolidate performances in the last seven years and maintained the status of the state as a preferred business hub and investment destination.

He explained that N81 billion would be spent on capital expenditure, translating to 57 per cent of the budget, while N60.9 billion is for recurrent expenditure or 43 per cent of the budget, adding that the estimate was premised on crude oil price benchmark of $50 per barrel.

Obiano put expected revenue from Value Added Tax (VAT) at N19.8 billion, while other capital receipts are N23.38 billion, stressing that N40.36 billion would be raised from Internally Generated Revenue (IGR).

According to him, N21.67 billion would be spent on personnel as salaries and wages, N18.3 billion on group life insurance, loans, pensions and gratuities, just as overheads get N23.78 billion.

He noted that domestic debt financing, comprising of single digit concessionary lending for interventions in healthcare, social investments, agriculture, manufacturing and youth entrepreneurship, would take N13.4 billion.

Giving further breakdown, the governor observed: “Road works and infrastructure have the highest allocation of N23 billion, healthcare, N5.8 billion, environment, N3.42 billion, education, N3.23 billion, agriculture, N3 billion and youth empowerment and creative economy, N2.08 billion.

“Water resources and public utilities got N2.1 billion while community social development projects got N1.4 billion and medium enterprises development, N1billion,” adding that N10 billion had been earmarked for the completion of the Anambra International Cargo Airport, N2.8 billion for the completion of the International Convention Centre, Awka and 700 million for the execution of Awka City Stadium.

Receiving the budget, the Speaker, Uche Okafor, assured the people of speedy consideration and passage of the fiscal document.

Henix:
I thought they said that Anambra airport and ICC are to be commissioned either this month or next month? Why did they still allocate money to the 2 projects in the next year's budget?

Henix:
I thought they said that Anambra airport and ICC are to be commissioned either this month or next month? Why did they still allocate money to the 2 projects in the next year's budget?

Henix:
I thought they said that Anambra airport and ICC are to be commissioned either this month or next month? Why did they still allocate money to the 2 projects in the next year's budget?

Artzdanielsz:
Q: What goes up and never comes down? A: My age!
Happy super birthday to me

Juliusmalema:


Be listening to APGA and their Magic

The more you look, the less you see

KingDash:
babes go dey?

Artzdanielsz:

Lol bro not even a happy to me but u dey ask of umunwa

Biafrarep:
40.3 billion naira internal revenue generation for 2022? Even though Anambra has the potential to generate more than that as IGR, considering the level of commercial and industrial activities in the state, but I doubt the governor has generated such amount before now, so why project it to your successor

SonofDevil:
Electoral funding and Final cash out

Cash out season is upon us in anambra

SonofDevil:
Electoral funding and Final cash out

Cash out season is upon us in anambra