Anambra State Governor, Professor Chukwuma Soludo has presented the state’s 2024 budget proposal of Four hundred and ten billion, one hundred and thirty-two million, two hundred and twenty-four thousand, two hundred and seventy-two naira to the State Assembly.
Governor Soludo made the presentation at the State Assembly Complex in Awka.
Ninety-six billion, two hundred and one million, nine hundred and thirty-six thousand, seven hundred- and forty-six-naira, representing twenty three percent of the budget is for recurrent expenditure, three hundred and thirteen billion, nine hundred and thirty million, two hundred and eighty-eight thousand, five hundred and twenty-six naira representing seventy seven percent of the entire budget is for capital expenditure.
The budget tagged “Changing Gears: The Transformation Agenda Begins”, is aimed at beginning the transformation agenda, implementing a new master plan to change Anambra into a liveable and prosperous homeland.
According to the Governor, the size of the budget is relatively small in terms of dollar and other economic challenges, assuring that his administration is determined to maximize value for Ndị Anambra by prioritizing project financing and not borrowing to consume.
He explained that the budget will accelerate agenda on clean, green and sustainable Anambra, urban and semi-urban water schemes, mainstreaming the sports economy and building the state football team, among others, emphasizing that his administration’s agenda is to promote one state, one people and thanked the lawmakers for their collaboration so far even as he recounted some of his administration’s budget performance and achievements and asked for continued support from the people.
Responding, the Speaker of the State House of Assembly Right Honourable Somtochukwu Udeze said the budget is working tool for ensuring continuous monitoring procedure, reviewing and evaluating performance with reference to agreed standards, saying that with the passage of the 2023 budget, massive transformation is going on in all parts of the state, especially in infrastructure, education, health, human capital development, among others.
While stating that the proposal will be given expedited hearing and passage, the Speaker assured that the House will intensify efforts in her oversight functions to ensure that Ndị Anambra continue to have value for every fund spent, suggesting the introduction of a mid-year budget financial briefing on budget performance to the people.
In a vote of thanks, the Chairman House Committee on Finance and Appropriation and member representing Anaocha Constituency Two, Mr. Ejike Okechukwu applauded the Governor and expressed optimism that the budget will impact the people positively.
Secretary to the State Government, Professor Solo Chukwulobelu, Head of Service, Barrister Theodora Igwegbe, Chief of Staff to the Governor, Mr. Ernest Ezeajughi, State Chairman of APGA, Barrister. Ifeatu Obiokoye and members of Anambra State Executive Council, among others, attended the budget presentation.
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