Willie Obiano submit a budget of N137.1bn to the Anambra State House of Assembly

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Willie Obiano

The Anambra State governor, Willie Obiano, on Thursday laid a budget of N137.1bn before the Anambra State House of Assembly for the 2020 fiscal year.

The budget had N57.69bn as recurrent expenditure and N78.3bn as capital expenditure, representing 43 and 57 per cent of the budget respectively.

Tagged budget for “Accelerating Infrastructural Development and Youth Entrepreneurship”, the governor said it would take into consideration, the state’s revenue and expenditure trend.

Road construction and rehabilitation, according to the budget would gulp N22.2bn, out of which N15.15bn would be spent on the construction of new roads as well as the rehabilitation of existing ones.

Education got the second-highest allocation in the budget of N8.3bn, followed by the Anambra International Airport which was allocated N6bn in the budget.

Reacting to the budget, the Speaker of the Anambra State House of Assembly, Uche Okafor, commended the governor for the early presentation of the budget while giving assurances that they (Assembly) would ensure the quick passage of the budget.