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Gov. Obiano presents N143.7 bn budget proposal for 2021
Gov. Willie Obiano of Anambra on Tuesday presented a budget proposal of N143.7 billion to the State House of Assembly for approval.
Obiano, who tagged the appropriation bill “ Budget of Economic Recovery and Consolidation,” said that it would help sustain past performance and ensure the state maintained it status as a business hub and investment destination.
According to Obiano, a total of N86.9 billion will be spent on capital expenditure, translating to 60.5 per cent of the budget , while N56.8 billion will go to recurrent expenditure, translating to 39.5 per cent of the budget.
He said the estimate was premised on the crude oil price benchmark of $35 per barrel.
Obiano said that expected revenue from Value Added Tax was N20.8 billion, while other capital receipts would be N20.9 billion.
The governor said that N36.6 billion would be raised from Internally Generated Revenue (IGR).
On personnel expenditure, Obiano said that N17.6 billion would be spent as salaries and wages, N16.2 billion would be spent on group life insurance, loan, pensions and gratuities of retirees, while N22.9 billion would be spent on overheads.
He said that N11.0 billion was provided for domestic debt financing, comprising of single digit concessionary programme lending for interventions in healthcare, social investments, agriculture, manufacturing and youth entrepreneurship.
The budget breakdown revealed that construction of roads, bridge works and infrastructure had the highest allocation of N32 billion followed by healthcare which had N6.8 billion.
Education and agriculture were allocated N5.0 billion and N2.5 billion respectively, while community social development projects got N1.1 billion.
Water resources and public utilities got N3.77 billion while environment got N3.4 billion and mall and medium enterprises development N2 billion.
Obiano said “we have set aside the sum of N200 million for payment as compensations to our people who have proven cases of gross human rights violations, torture and death from the activities of the defunct SARS in the state.
“Over 70 per cent of my appointees are youths, therefore, we have allocated the sum of N5.4 billion to youth entrepreneurship and empowerment programmes.
“We have also allocated N1.1 billion to empower youths through vocational, agricultural and artisan training programmes as well as N120 million for the establishment of creative centres, innovation hubs and ICT related projects.
“Meanwhile, N5.8 billion has been earmarked for the completion of the proposed Anambra International Airport, N500 million for the completion of the International Conference Centre, Awka.
“This budget seeks to entrench a new watershed in the development aspirations of the state. We hope, therefore, that it will be given a speedy consideration and passage to ensure a sustained and steady advancement of our state.’’
Receiving the budget, the Speaker, State House of Assembly, Mr Uche Okafor, said the presentation was necessary to obtain legislative consent for the amount of money to be spent in the coming financial year.
He promised that the Assembly would continue to work in synergy with the executive for the good of the people and the development of the state.
Our correspondent reports that Obiano presented a budget estimate of N101.4 billion for 2016, N115.5 billion for 2017, N166.9bn for 2018, N157.1bn for the 2019 and N137.1 billion for 2020 fiscal year, but which was later revised to N114.9 billion.
The budget revision became necessary following the COVID-19 pandemic which brought about a fall in revenue and the national and state-wide lockdown of businesses.
News
Goodluck Jonathan’s Family Celebrates Son’s Graduation in UK
Former President Goodluck Ebele Jonathan and former First Lady Patience Ibifaka Jonathan recently celebrated a significant family milestone as they attended the graduation ceremony of their son, Ariara Goodluck Jonathan, at Manchester Metropolitan University in the United Kingdom.
The proud parents joined family members and well-wishers to witness Ariara receive his degree, marking the successful completion of his academic programme. The occasion was filled with joy as the Jonathan family commemorated the achievement, highlighting the importance they place on education and personal development.
The graduation ceremony attracted warm congratulatory messages from friends, associates, and admirers, who wished the graduate continued success in his future endeavours.
News
2027 BENUE GUBER: MORE TROUBLE FOR GOV ALIA
The Following names joined the political family of Sen. Dr. George Akume today after leaving the sinking Alia ship .
Under the leadership of Barr. Emmanuel Jime .
The are ;
Chief Nelson Alapa
Douglas pepe SAN senatorial Aspirant zone A,
Engr Peter Ashiekaa
QS Clement Beetseh
Former commissioners
Joy Luga
Ann itodo
Barr martins Shaagee
Miss Dorcas
Prof Usar Joseh
Prof Cephas Tushima
Chief Patrick Idoko
Hon Patience Akor
Hon Fred Idoko
Hon Lawrence Ekpo Onoja Jnr
Hon Andrew Abah
Hon Agbo Innocent Ikwumonu
Hon Simon Omachoko
Hon David Egboja
Dr John Garba
Among together,
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ENGR. BELLO BABAYO BELLO FELICITATES VICE PRESIDENT KASHIM SHETTIMA ON RENOMINATION
Engr. Bello Babayo Bello, FNSE, Executive Director (Networks) of the Niger Delta Power Holding Company (NDPHC), has extended his heartfelt congratulations to Vice President Senator Kashim Shettima, GCON, on his renomination as the Vice Presidential candidate for the 2027 general elections, alongside President Bola Ahmed Tinubu, GCFR.
In his message, Engr. Bello described the renomination as a beautiful affirmation of the Vice President’s enduring commitment to Nigeria’s unity, stability, and prosperity. He noted that Senator Shettima, himself a former Senator of the Federal Republic, has consistently embodied resilience, foresight, and a deep sense of responsibility, qualities that continue to inspire confidence across the nation.
“This renomination is a shining testament to your unwavering dedication to the Nigerian people,” Engr. Bello stated. “It reflects the trust of the party and the citizens in your ability to guide our country toward greater progress, peace, and prosperity. Your leadership has been a beacon of hope, and this endorsement is richly deserved.”
Engr. Bello further emphasized that Senator Shettima’s political journey has been marked by courage and service. From his tenure as Governor of Borno State to his current role as Vice President, he has consistently championed initiatives that address national challenges, foster economic growth, and promote inclusive development.
As a leader in the power sector, Engr. Bello highlighted the importance of visionary leadership in driving infrastructure and energy reforms. He expressed confidence that Senator Shettima’s continued role in government will further strengthen Nigeria’s capacity to deliver reliable power, expand opportunities, and improve the quality of life for millions of citizens.
He prayed that Almighty Allah grants the Vice President wisdom, strength, and good health to continue serving the nation with distinction. “May Allah bless your efforts, guide your decisions, and grant you success as you carry forward the responsibility of leadership,” he added.
The message concluded with a reaffirmation of goodwill and support: “Congratulations once again, Your Excellency. We look forward to your continued contributions to the peace, progress, and prosperity of Nigeria.”
Signed:Engr. Bello Babayo Bello, FNSEExecutive Director (Networks)Niger Delta Power Holding Company (NDPHC)
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