The Executive Governor of Enugu State, Dr Ifeanyi Ugwuanyi on Friday 27th December 2019, signed N169billion naira Enugu State 2020 Budget into law. The budget sees capital expenditure put at over 59%, and Recurrent expenditure at 41% of the total budget.
According to the statement released by the Enugu State Honourable Commissioner for Information, Nnanyelugo Chidi Aroh on the budget signed into law by Governor Ifeanyi Ugwuanyi, the appropriation bill of a total of ₦169,557,658,300:00 (One hundred and Sixty-nine billion, Five hundred and fifty-seven million, Six hundred and Fifty-eight thousand, three hundred Naira) only made up of a Capital Expenditure budget of₦100,767,658,300.00 i.e. 59% of the total budget and Recurrent Expenditure of ₦ 68,790,000.000 (Sixty-eight billion, Seven hundred and Ninety million naira) only, being 41% of total budget, was passed by the Enugu State House of Assembly on the 24th of December, 2019.
“This budget which is a result of Constructive Stakeholder and Intergovernmental Engagement, spanning over four months tagged a budget of Responsive and Accountable Governance, is aimed at continued robust investment in infrastructural development, which includes the construction of 17 small scale industries with at least one in each Local Government of the State and the Completion/Reactivation of Legacy Projects including: the prestigious Presidential Hotel Enugu, the Enugu International Conference Centre, The Nike Lake Resort Hotel,
Michael Okpara Square, Construction of an ultra-modern 3000 capacity multi-purpose arena and the construction work at the ADADA Campus of the Enugu State University of Science and Technology, in line with the Multi-campus Law as passed by the State House of Assembly.
The recurrent Expenditure of ₦ 68,790,000.000 aimed at ensuring the smooth running of Government, its agencies and departments, also accommodated expected expenditure arising from the consequential adjustments on the new minimum wage” the commissioner said.
Stating further, the honourable commissioner said his Excellency Governor Ifeanyi Ugwuanyi at the signing of the budget on Friday at the Government House Enugu, upon presentation of the appropriation bill by the Speaker of the Enugu State House of Assembly Rt. Hon. Edward Ubosi, who was accompanied by Honourable members of the Enugu State House of Assembly and the Clerk of the House of Assembly with Her Excellency Barr Mrs Cecilia Ezeilo, Deputy Governor and members of the State Executive Council in attendance, expressed profound gratitude to the Speaker and Honourable Members of the House of Assembly for the commitment to duty and harmonious relationship with the Executive, which has resulted in the unprecedented peace and development being experienced in Enugu State today.