Obi Proposes N110 Billion 2013 Budget

The Anambra State governor, Peter Obi, has presented a budget of N110.890 billion for the 2013 fiscal year to the state House of Assembly.

The budget tagged the “Peoples’ Budget of Integrated Development 6” represents an increase of 33.28 percent over the 2012 budget  which was N83.2 billion. The budget also has N70.895 billion for capital expenditure and N39.995 billion for recurrent expenditure.

The governor, while presenting the budget, brought under review the implementation efforts of the 2012 budget in which he said in spite of the state’s weak financial base, made even weaker by poor internal revenue generation, all available resources and opportunities were used to bring about visible changes in the state.

He outlined the break through the state made in the areas of roads and transport, commerce and industry, agriculture, education, health, environment and water and electricity.

On the budget for the 2013 fiscal year, Mr Obi maintained that it reflects the critical development needs of the people of Anambra state as expressed in the key sectors of the state economy.

He reminded the state lawmakers that the budget is premised on eight focal points chiefly of which is to sustain and intensify various interventions in the area of poverty reduction for the eradication of extreme poverty and hunger.

The governor concluded with a resolve to ensure that Anambra state is left in a better shape than its earlier status.

The appropriation bill was presented with a motion for its first reading moved by the Majority leader, Hafford Oseke, representing Awka South and seconded by the Minority leader, Tony ‘Oneweek‘ Muonagor, representing Idemili North constituency.

The Speaker of the House, Chinwe Nwaebili, however pledged accelerated hearing on the budget and its speedy passage while urging the governor to make provision for offices for the members of the State parliament.

Breaking down the budget, the governor said the economic sector received a sizeable allocation on account of the capital intensive nature of its component sub-sectors as Land, Transport, Roads and bridges to which N16.172 billion has been allocated. Funds allocated to key sub-sectors are as follows

 

SectorAllocation
EducationN10.224 Billion
MDG Programmes and ProjectsN9.777 Billion
Finance and InvestmentN3.060 Billion
Environmental DevelopmentN2.483 Billion
Water Supply and ResourcesN 2.470 Billion
Housing and Urban DevelopmentN1.407 Billion
HealthN1.229 Billion
Town and Country PlanningN 1.086 Billion
AgricultureN1.007 Billion
Commerce and IndustryN1.002 Billion
Rural ElectrificationN0.810 Billion

 

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