Governor Willie Obiano of Anambra State has presented a budget estimate of 143. 65 billion naira to the State House of Assembly for the 2021 fiscal year.
The budget reflects a capital expenditure of 86. 88 billion naira and a recurrent expenditure of 56.77 billon and indicating 39.5% and 60.5% respectively.
It also indicates his administration’s determination to continue aggressive infrastructure development in Anambra State.
Tagged “Budget of Economic Recovery and Consolidation”, Governor Obiano explained that the budget was based on realistic projections of all sources of revenue, both external and internal, taking into consideration, the state’s revenue and expenditure trend.
The governor expressed optimism that the budget would help his administration sustain its performance and ensure that Anambra maintains its status as a hub for business and a destination for new investments.
Governor Obiano further revealed that a total of 32 billion naira has been earmarked for roads and bridges.
According to him, the sum of 19.44 billion naira will be spent on the construction of new roads as well as the rehabilitation of existing ones as his administration plans to complete over 50 on-going road projects in the three senatorial zones of the state, as well as construct more roads to open access to agricultural communities and boost food production in the state.
Moreover, the sum of 5.8 billion naira was earmarked for the completion of the proposed Anambra International Airport, Umueri, as well as 500 million naira for the completion of the International Conference Centre, Awka.
Similarly, the sum of 500 million naira has been earmarked for the development of Sports Stadia in Awka, Ekwulobia and Otuocha.
A further breakdown of the budget shows that Health attracted the sum of 6.8 billion naira, while Education attracted 5 billion naira and Environment attracted 3. 4 billion naira.
Also, Agriculture drew the sum of 2.5b billion naira, while Youth Empowerment attracted the sum of One billion naira.
