GTB 737 banner Yudala banner

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: 394

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...
6,000 APC Members defect to PDP

Festus Odimegwu drags alleged lover to court over...

Biafra: Court adjourns Nnamdi Kanu’s trial

I bathed corpses for eight years to pay...

Another JAMB wonder: N23m scratch card ‘burnt’ in...

Obi: I’ll be fully involved in Anambra Guber...

Gov. Ugwuanyi engages 1000 youth volunteers to keep...

Your goodwill is fast depleting, Catholic Bishops tell...

Hate speech: Nigeria more divided than ever before,...

Clear salary arrears before Christmas, Buhari tells govs...

Nigeria ripe for Restructuring Now – Nwodo in...

PDP to returning members: You have nothing to...


Latest News Israel has halted a plan to expel African migrants—for now Violence in Kogi State: Did Ekweremadu call for military coup? What he said! Benue buries 26 as herdsmen kill 25 in fresh Kogi attacks Pres. Buhari assures Nigerians on security Boko Haram kidnaps 8 in Oyo Insecurity: Nigeria heading towards a failed state – Senators Buhari meets National Assembly leaders Catholic Priest resigns after 11 years, Marries Lover in Uyo Fulani herdsmen kill 25, raze 11 houses in fresh attacks as mourners flee Plateau mass burial Herdsmen attack: Police confirms death of 4 persons in Ebonyi EFCC arrests former PDP chair, Modu Sheriff FG concludes regulations on new class of meter suppliers


Most Read NAFDAC eases processes, cost of registering products for MSMEs (5,235 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (3,019 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (2,790 views) IPOB: ‘We need urgent clarifications on Nnamdi Kanu’s status, whereabouts’, UK Govt tells FG (2,531 views) ASUU strike: Senate intervention ends in deadlock (2,521 views) Ex-governor Adebayo, Keyamo, Arise, others get board appointments (2,068 views) Nigeria ripe for Restructuring Now – Nwodo in Chatham House (1,885 views) Quit notice: Kaduna Govt obtains bench warrant against Northern youths (1,831 views) Buhari has disappointed Nigerians – Arewa Youth Forum (1,757 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (1,682 views) Anambra: INEC releases 37 candidates for Nov poll (1,633 views) Chime not owner of Enugu Mall – Spar (1,544 views)





Julius Agwu - Crazy Interview Demands