ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home National

Obiano presents N157.1b 2019 Appropriation Bill to Anambra Assembly

… Targets N36 billion IGR

6th December 2018
in National
0
OBIANO
8
SHARES
301
VIEWS
Share on FacebookShare on Twitter

Geoffrey Anyanwu, Awka

Governor Willie Obiano of Anambra State, on Wednesday, presented the 2019 Appropriation Bill of N157.1 billion to the state’s House of Assembly with a plea for its speedy consideration.

Tagged ‘Budget for sustained Economic Growth and Youth Empowerment’, the 2019 budget estimate was N9.6 billion lower than that of 2018, which was N166.7 billion.

The N157.1 billion estimate is made up of 41.3 per cent recurrent expenditure and 58.7 per cent capital expenditure.

Governor Obiano, while presenting the budget estimate, said it clearly demonstrated his administration’s determination to continue delivering good governance and purposeful leadership to the people.

Noting that Anambra State, under his leadership, has improved tremendously in all indices of development despite dwindling resources from the centre, Governor Obiano said the estimate was created in line with the policy thrusts of; resource planning and data optimisation, increased internally generated revenues, public-private partnership, strategic collaboration and economic diversification and empowerment.

Breaking down the bases and assumptions for the draft estimate he said would be targeting N36 billion from the IGR of  N3 billion monthly, just as it expects a projected annual FAAC of N40 billion as against 2018 figure of N29.7 billion.

READ ALSO: 8,861 athletes for National Sport Festival – Dalung

Others are VAT revenue of NN12.0 billion, Capital receipts, N19.8 billion, Reimbursements from federal government, N26 billion, Personnel coast , N1.66 billion; Total overheads, N2.08 billion and provision of N14 billion in domestic debt financing.

The budget estimate went through first reading done by the clerk of the House, Pius Udo after the Majority leader, Hon Victor Okoye moved the motion and was seconded by Lawrence Ezeudu.

Responding to the governor’s address, the embattled Speaker, Hon. Rita Maduagwu, assured Governor Obiano and  the people of the state that the lawmakers would immediately commence deliberations on the 2019 budget.

She, however, called on Ministries, Departments and Agencies to be ready for the bilateral budget discussion immediately to ensure early passage of the budget, possibly before the Christmas break.

Speaking to newsmen shortly after the presentation, the Senior Special Assistant to Obiano on Legislative and Legal Matters,  Chief Edozie Ezeugwa said the budget was based on consolidation, with Education having the largest chunk of N11.9 billion because according to him, the state needed to be where it used to be academically instead of sliding.

Ezeugwa further said that Obiano’s administration would also continue to focus on infrastructural developments, why it would maintain its economic policies that would better the lives of the people of the state.

 

 

Tags: anambra statedebt financingGovernor Willie ObianoHon. Rita Maduagwuspeaker
Segun Adio

Segun Adio

Related Posts

…Nigeria’ll soon overcome problem, says RCCG  General Overseer
Cover

…Nigeria’ll soon overcome problem, says RCCG General Overseer

14th April 2021
Insecurity: Army engages retirees to support national security operations
Cover

Insecurity: Army engages retirees to support national security operations

14th April 2021
Oyetola’s victory: Appeal Court averted monumental tragedy – Aregbesola
National

FG set to rejig expatriate quota administration

14th April 2021
Next Post
SENATOR

I won’t be an absentee senator — Rhodes-Vivour

How we promote Africa’s tourism – Adeyemo, IWA publisher

How we promote Africa’s tourism – Adeyemo, IWA publisher

pomp

Pomp as women group marks decades of charity

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Anambra guber: APC caretaker committee to meet on timetable, sale of forms

OPL 245: Abacha family and Malabu trial scandal

Lifeline for 300 Anambra women in agriculture

Accolades for retired teacher at 90

Police arrest man for stabbing Chief Imam to death in Niger

Lady with kidney failure needs N16m

Trending

…Nigeria’ll soon overcome problem, says RCCG  General Overseer
Cover

…Nigeria’ll soon overcome problem, says RCCG General Overseer

14th April 2021
1

From Noah Ebije, Kaduna The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch...

Insecurity: Army engages retirees to support national security operations

Insecurity: Army engages retirees to support national security operations

14th April 2021
Oyetola’s victory: Appeal Court averted monumental tragedy – Aregbesola

FG set to rejig expatriate quota administration

14th April 2021
Ondo: 12 jostle for APC ticket

Anambra guber: APC caretaker committee to meet on timetable, sale of forms

14th April 2021
United xenophobic Republic of South Africa

OPL 245: Abacha family and Malabu trial scandal

14th April 2021

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist