Anambra State House of Assembly has passed the Anambra State 2022 Appropriation Bill of N141.9billion.
The Anambra State 2022 appropriation bill was passed on Thursday 9th December 2021, a few weeks after it was presented to the House by Governor Obiano of Anambra State.
According to the report by Anambra Broadcasting Services (ABS) on Thursday, the Chairman, House Committee On Finance and Budget, Chief Obinna Emeneka while presenting the report of his committee about the Anambra State 2021 appropriation bill at plenary, explained that his committee scrutinized the budget estimate thoroughly and made adjustments where necessary to achieve a realistic budget.
The committee observed that funds should be released to MDA’s for optimum budget performance.
On his part, the majority leader, Dr. Nnamdi Okafor who moved a motion for the 2022 budget estimate to be passed, commended the Anambra State House of Assembly Committee On Finance and Appropriation for doing a thorough job.
Speaker of the House, Right Honourable Uche Okafor expressed confidence that the Anambra State government will achieve a realistic budget next year and read out the budget estimate to the House, while the lawmakers supported it through a voice vote.
In his remarks, the Speaker appreciated the House for supporting the vision of Governor Willie Obiano for the state with the enactment of quality laws that fast track rapid development of the state, even as he expressed joy that commercial flight operations have commenced at the Anambra International Cargo and Passenger Airport, Umueri.
The Anambra State 2022 Appropriation Bill As Presented By The Governor:
Governor Willie Obiano had in October 2021, presented a budget estimate of N141.9 billion for the 2022 fiscal year to the Anambra State House of Assembly for approval.
Tagged: “Continuity, Sustainability and Development of a New Anambra,” the governor said the financial document was to consolidate performances in the last seven years and maintain the status of the state as a preferred business hub and investment destination.
He explained that N81 billion would be spent on capital expenditure, translating to 57 per cent of the budget, while N60.9 billion is for recurrent expenditure or 43 per cent of the budget, adding that the estimate was premised on crude oil price benchmark of $50 per barrel.
Obiano put expected revenue from Value Added Tax (VAT) at N19.8 billion, while other capital receipts are N23.38 billion, stressing that N40.36 billion would be raised from Internally Generated Revenue (IGR).
According to him, N21.67 billion would be spent on personnel as salaries and wages, N18.3 billion on group life insurance, loans, pensions and gratuities, just as overheads get N23.78 billion.
He noted that domestic debt financing, comprising of single digit concessionary lending for interventions in healthcare, social investments, agriculture, manufacturing and youth entrepreneurship, would take N13.4 billion.
Giving further breakdown, the governor observed: “Road works and infrastructure have the highest allocation of N23 billion, healthcare, N5.8 billion, environment, N3.42 billion, education, N3.23 billion, agriculture, N3 billion and youth empowerment and creative economy, N2.08 billion.
“Water resources and public utilities got N2.1 billion while community social development projects got N1.4 billion and medium enterprises development, N1billion,” adding that N10 billion had been earmarked for the completion of the Anambra International Cargo Airport, N2.8 billion for the completion of the International Convention Centre, Awka and 700 million for the execution of Awka City Stadium.