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The Governor of Enugu State, Peter Mbah, on Tuesday, presented ₦971 billion budget for the 2025 fiscal year to the state’s House of Assembly.
Presenting the estimates entitled ‘Budget of Exponential Growth and Inclusive Prosperity’, Mbah said the proposed estimates comprised ₦837.9 billion Capital Expenditure, representing 86 percent of the budget estimates, and a Recurrent Expenditure component of ₦133.1 billion, representing 14 percent of the budget.
Governor Mbah stated that this was in line with his administration’s target of poverty eradication and an inclusive development model, which ensures that no one or segment of the society is left behind.
The governor equally announced a growth in the state’s Internally Generated Revenue (IGR) from ₦37.4 billion at the end of 2023 to ₦144.7 billion in September 2024, representing 286.2 percent increase.
“In crafting this budget, we have sort to continue to lay the right foundation in Enugu to enhance the economy and attract even more private investment.
“In spite of the dreary economic environment across the country, for us here in Enugu, we have elected to remain bullish in our aspirations and to double down on our commitment to elevate our state to top three status in terms of GDP nationally and eradicate poverty from our midst.
“Indeed, we see this as a vindication of our previously espoused view that sustainable national growth can really only be driven from the sub-national units to the federal levels, and not the other way round as we have attempted to do to date.
“It is on account of this that we are proposing to the House of Assembly today, a budget with a total envelope of ₦971,084,000,000.00 as against the budget for 2024 fiscal year which totaled ₦521,561,386,000.00.
“This represents an 86.4 per cent increase from the 2024 revised budget.
“The budget is broken down as follows: ₦133,140,000,000.00 as Recurrent Expenditure and ₦837,944,000,000.00 as Capital Expenditure,” he said.
A breakdown of the 2025 Enugu State budget showed that education, health, agriculture and infrastructure got the highest allocation.
“As we must all know by now, Education is both our ‘sword’ and ‘shield’ in this battle to achieve economic growth in our state and banish poverty and want among our population.
“Consequently, we are maintaining the ambitious direction we charted in 2024 by voting a total of ₦320,609,059,000,00 for that sector. This represents 78% of the social sector of the budget and 33.2% of our Capital Expenditure this year.
“There can be no economic growth without quality healthcare. This is why we are spending ₦45,830,896,000.00 on the sector this year.
“In the area of Works and Infrastructure, we will continue our relentless advance towards our target to build or refurbish all key roads across the state by 2031. In line with this, we will spend a total of ₦213,120,267,000.00 in 2025.
“Food inflation is a major component of core inflation in Nigeria. Consequently, food production is critical to moderation of the currently high levels of inflation in the Country. As a result, we will be spending up to ₦82,300,761,000.00 in the agricultural and agro-industrialisation sector this year.
“In the area of Transport, we will be spending a total of ₦41,132,463,000.00 to expand Enugu Air with the acquisition of 4 additional aircraft. In addition, we will be consummating the concessioning of the Akanu Ibiam international airport as well as the construction of an international cargo terminal. We will also be floating a new taxi scheme in collaboration with the private sector to modernize urban and inter-urban transportation for Ndi Enugu,” Governor Mbah added.
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