Enugu presents N98.56 billion budget proposal for 2018

By Tony Edike on 28/12/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 764

Governor Ifeanyi Ugwuanyi of Enugu State presenting copies of the state's  2018 budget in the chambe
Governor Ifeanyi Ugwuanyi of Enugu State presenting copies of the state's 2018 budget in the chambe

Enugu State Government has presented a budget proposal of N98.563 billion for 2018 fiscal year to the state’s House of Assembly.

Gov. Ifeanyi Ugwuanyi, who read the 2018 proposal to the Assembly on Thursday, christened it “Budget of Sustainable Economic Growth.’’

He said the 2018 budget proposal was 6.77 per cent less than that of 2017 of N105 billion.

He noted that the 2018 estimate had a recurrent expenditure of 60.7 per cent and a capital expenditure of 34 per cent.

The governor said that works and infrastructure would gulp the highest amount of N10.5 billion.

Mr. Ugwuanyi said the state was targetin an Internally Generated Revenue of N2.5 billion monthly as the budget would be implemented through receipts from Federal Allocation and Internally Generated Revenue.

He said “government would do more on infrastructure upgrade, improve on Visit Every Community (VEC) projects and Ease of Doing Business (EODB) in the state.

“A detailed breakdown of the budget proposal will be issued by the state’s Commissioner of Finance in subsequent days after it has been signed into law.

“I want to urge residents of the state to continue to support this administration and protect government projects, infrastructure and social amenities in their domains.”

The Speaker of the Assembly, Edward Ubosi, lauded the government for increasing the monthly IGR turnover of the state, as well as “the prudent management of the state’s resources.”

Mr. Ubosi also applauded the cordial relationship between the Assembly and members of the executive in the state; while urging that it should be maintained to deliver democratic dividends to the people.

“We are assuring the governor that the Assembly will give due diligence to this 2018 budget proposal and ensure that it is passed as soon as possible,’’ he added.

Posted 29/12/2017 03:25:25 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
APC announces Results of National Convention

I’m ashamed Nigeria’s now used as negative example...

Fani-Kayode reveals what Buhari allegedly did in UK,...

Court orders IG to produce INEC chairman on...

South African President Jacob Zuma resigns

Police arrest Assemblies of God pastor for alleged...

How Air Force personnel, others robbed Magu’s farm...

Archbishop Chukwuma hails Gov. Ugwuanyi on realistic 2018...

Benue killings: ACF sets up committee on anti-grazing...

PDP demands Adeosun’s sack over alleged NYSC certificate...

France wins 2018 World Cup Final

Melaye sends emotional thank you message to Nigerians...

 

Latest News Skewed Primaries: APGA’ll suffer repercussions, says Ojukwu’s widow EFCC grills Fayose, asks ex-gov to return N1.3bn 2019: Secondus, Falae, Oyinlola, others meet on consensus presidential candidate What we did to save aid worker from Boko Haram execution --FG 2019: INEC insists APC won’t be allowed to field candidates in Zamfara I’ll be at EFCC today with my bedclothes, pillowcase – Fayose Osisioma pipeline explosion death toll hits 200 2019: PDP appoints Saraki as DG, presidential campaign Kayode Fayemi takes over, says Ekiti economy crashing Fayose: Ozekhome, supporters besiege EFCC Enugu APC confirms Sen Ayogu Eze as gov candidate Presidency ordered EFCC to detain Fayose indefinitely – PDP alleges

 

Most Read NAFDAC eases processes, cost of registering products for MSMEs (6,851 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (5,293 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (5,097 views) IPOB: ‘We need urgent clarifications on Nnamdi Kanu’s status, whereabouts’, UK Govt tells FG (4,570 views) ASUU strike: Senate intervention ends in deadlock (4,480 views) Ex-governor Adebayo, Keyamo, Arise, others get board appointments (3,734 views) Nigeria ripe for Restructuring Now – Nwodo in Chatham House (3,462 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (3,452 views) Anambra: INEC releases 37 candidates for Nov poll (3,413 views) Buhari has disappointed Nigerians – Arewa Youth Forum (3,404 views) Quit notice: Kaduna Govt obtains bench warrant against Northern youths (3,391 views) Prince Arthur Eze canvasses support for Buhari, Ugwuanyi (3,346 views)

 

SECTIONS NEWS (501) EDITORIAL (6) POLITICS (365) SOCIETY (104) SPORTS (12) BUSINESS (211) HEALTH (16) EDUCATION (15) ENTERTAINMENT (7) INTERNATIONAL (30) TECHNOLOGY (1) COLUMNISTS (0) LETTERS (0) OPINION (8)

 

 

Julius Agwu - Crazy Interview Demands