The Enugu State government on Tuesday presented the 2022 budget proposal to the Enugu state House of Assembly.
Tagged budget of ‘Sustained growth and consolidation’, the governor expressed determination to complete all ongoing projects.
The governor listed new road projects across the state, bridges, schools, and new stadia in Oji among other projects to be completed.
The Governor noted that the 2022 budget is 9.9% higher than last year’s.
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In his reaction the Speaker of the Enugu state House of Assembly, Edward Ubosi eulogized the governor for not going for bogus budget.
He said the budget is not only realistic but implementable within the time frame.
According to a report, Governor Ifeanyi Ugwuanyi of Enugu state on Tuesday presented ₦186.6bn as 2022 budget estimates to the State House of Assembly.
Presenting the budget tagged: “Budget of Sustained Growth and Consolidation” on Tuesday in Enugu, Governor Ugwuanyi said the 2022 budget estimate is 9.9 per cent higher than the 2021 budget, which was ₦169.8bn.
He said ₦71.1bn of the total budget representing 38 per cent would go into the recurrent expenditure while ₦115bn representing 62 per cent would be used to finance capital expenditure.
The Governor noted that the proposed budget would be financed through Federal Allocation Account Committee (FAAC), Value Added Tax (VAT), Internal Generated Revenue (IGR) and excess crude money.
According to him, the 2022 budget was prepared in line with his administration’s vision to maintain higher budgetary allocation in capital expenditure.
The governor noted that the capital expenditure would be channeled into the completion of the on-going projects including, the construction of Oji River Township stadium, the construction of bridges, Agbani road among other projects.
On the performance of the 2021 budget, Governor Ugwuanyi said the 2021 budget achieved 33.2 per cent performance as at the end of the third quarter of the outgoing year.
He added that the state government generate #80.8bn representing 73.4 per cent recurrent revenue as against ₦110bn contained in the 2021 budget proposal.
He however maintained that despite the shortfalls in the revenue generation, the state government was able to meet up its financial obligations and thanked people for their trust in his administration.
Receiving the budget, the Speaker of the House, Edward Ubosi, assured the governor that the House will give speedy passage to the appropriation bill to maintain January-December budget circle.
The Speaker then directed Ministries, Departments and Agencies (MDAs) to come for their budget defence next week to enable the lawmakers pass the budget before the end of the year.
