Categories: Headline Top Stories

Governor Soludo presents N410 billion 2024 Budget to Anambra Assembly

Key highlights of the budget include; an N96.2 billion allocation for recurrent expenditure, accounting for 23.46% of the total budget, N313.9 billion allocation for capital expenditure, accounting for 76.54% of the total budget.

Advertisement
Advertisement

Governor Soludo has presented the N410 billion 2024 Budget to the Anambra Assembly.

 

Newsonline Nigeria reports that Anambra State Governor, Professor Chukwuma Charles Soludo, has presented a N410,132, 225, 272 budget for the 2024 fiscal year to the State House of Assembly.

 

 

This Nigeria news platform understands that the budget which is 57.8% higher than the 2023 budget, is focused on infrastructure development, education, and healthcare.

 

READ ALSO: Complete details of Service Chiefs and IGP Meeting with House of Rep

 

Key highlights of the budget include; an N96.2 billion allocation for recurrent expenditure, accounting for 23.46% of the total budget, N313.9 billion allocation for capital expenditure, accounting for 76.54% of the total budget.

 

There are significant increases in allocations for key sectors, such as Administration (50.85%), Economy (103.43%), Judiciary (72.9%), Social Sector (60.24%), Education (140.88%), and Health (169.55%).

While making the presentation, Governor Soludo also announced the following new initiatives; the development of three new cities: Awka 2.0, Onitsha 2.0, and a new Industrial City, the finalization of an industrial master plan and the completion of a railway master plan and feasibility study, the signing of a US$200 million project development, advisory, and financing agreement with Afreximbank, the continued implementation of the Ease of Doing Business initiative, the completion of the Fun City and the construction of a branded international hotel in Awka.

 

Other initiatives announced by the Governor include; the aggressive pursuit of urban regeneration, the acceleration of the Clean, Green, Planned, and Sustainable Anambra agenda, the targeting of the dualization of key highways and the modernization of mass transport systems, the creation of a new electricity market, the upgrading of security operations with high technology applications, significant investments in urban and semi-urban water schemes, the provision of 10 or more seedlings of coconut, palm, ukwa, pawpaw, soursop, and others, per household, to 100,000 households, among others.

 

The Governor emphasized the need for increased Internally Generated Revenue (IGR) and called on all residents of Anambra to be patriotic by paying their taxes and thanked members of the Solution Team, the legislature, the judiciary, and all stakeholders for their sacrifice in the service of the state.

 

 

Earlier in his address, Speaker of the Anambra State House of Assembly, Rt. Hon. Somtochukwu Udeze, applauded Governor Soludo’s intensified efforts in infrastructure, education, health, and youth empowerment.

 

The Speaker said that such efforts reveals that Anambra belongs to all, irrespective of political affiliation, called on Ndi Anambra to join the Governor in taking the state to greater heights.

 

He assured the Governor of speedy approval of the budget once it passes first reading.

 

Secretary to the State Government, Prof. Solo Chukwulobelu, Chief of Staff to the Governor, Mr Ernest Ezeajughi, Head of Service, Barr. Theodora Igwegbe, Principal Officers of the State Assembly, Members of Anambra Executive Council, APGA State Chairman, Mr. Ifeatu Obiokoye, Members of the Civil Society Organization, Traditional Rulers among others, attended the event.

Advertisement
NewsOnline Nigeria

Recent Posts

  • Featured

Open Heaven 20 December 2024 RCCG Daily Devotional

Open Heaven 20 December 2024 RCCG Daily Devotional can be accessed below.   NewsOnline Nigeria…

4 hours ago
  • Exchange Rates

Black Market Dollar To Naira Exchange Rate In Lagos, FCT, 20th December 2024

Black Market Dollar To Naira Exchange Rate in Lagos and FCT today, 20th December 2024.…

4 hours ago
  • Crime Watch

BREAKING: Supreme Court of Nigeria, NPC, NAHCON, Others Score Zero In ICPC Integrity Test

Supreme Court of Nigeria, NPC and NAHCON among others scored zero on the ICPC integrity…

4 hours ago
  • Headline

BREAKING: 19 Northern States Back Nyesom Wike’s Political Journey

 19 Northern States have backed Nyesom Wike's political journey.   NewsOnline Nigeria reports that the…

4 hours ago
  • Headline

BREAKING: Elon Musk Endorsed As Next House Speaker Amid Mike’s Backlash

Elon Musk has been endorsed as the next House Speaker amid Mike's backlash.   NewsOnline…

4 hours ago
  • Headline

BREAKING: FCT Minister Wike Reportedly Plots To Arrest Lawmaker Ugochinyere

FCT Minister Wike is reportedly plotting to arrest Lawmaker Ugochinyere.   NewsOnline Nigeria reports that…

5 hours ago