Anambra State Governor, Chukwuma Soludo has presented a revised budget of 170 billion naira to the state House of Assembly for approval. Soludo informed the state lawmakers on Thursday that he inherited empty treasury and pervasive insecurity, which appeared to be slowing down the momentum of his administration. The revised budget size is 28 billion naira higher than the existing appropriation of 142 billion naira presented by his predecessor, Willie Obiano.
In the revised budget, capital expenditure increased from 81 to 108 billion naira, while recurrent expenditure increased marginally by 0.79 percent from 60 billion naira. The governor said he left the budget on security unchanged, while counting on off budget resources from donations to augment.
Chidozie Chima | September 20, 2024
