Enugu State House of Assembly has approved the 2024 budget estimate, amounting to N521,561,386,000.
Presenting the report after the screening of the budget estimate at the floor of the House, the Chairman, House Committee on Appropriation, Hon. Anthony Nwankwo, said the committee found the budget estimate flawless and urged the parliament to accept and pass it into law.
Commending Governor Peter Mbah for steering a paradigm shift towards prioritizing the people, members of the House hailed the budget’s emphasis on capital expenditure, allocating N414,334,120,000 (79%) for infrastructural development.
Speaker Hon. Uchenna Ugwu underscored the Assembly’s commitment beyond passing the bill, emphasizing robust oversight to ensure the law’s full implementation in the interest of the masses.
The budget, dubbed ‘Budget of Disruptive Economic Growth,’ allocates significant funds to key sectors like agriculture, education, and health.
He stated, “Today, members of the state House of Assembly performed their constitutional duty and have just passed this ‘Budget of Disruptive Economic Growth’ into law. It is now a working document for the executive arm of this government.
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“The budget that has about 79 per cent capital expenditure and 21 per cent recurrent expenditure, with each sector of the economy like agriculture, education and the health sectors taking large portions of the funds, is capable of delivering prosperity to the people of Enugu State.
“I, therefore, enjoin the executive to try very hard to implement the content of their document. And I want to assure the people of this state that this House of Assembly is going to take our oversight functions very seriously.
“It is not going to be business as usual. We are going to ensure that every fund we have appropriated is put to judicious use.
“Let me also take this opportunity to thank our dear governor, Peter Mbah, for giving a lifeline to the economy of this state.”
Remember that Governor Mbah had on December 5, presented a budget estimate of N521.5bn, the highest in the state’s history, which the House of Assembly had pledged to accord expedited consideration to deliver growth and development to the people of Enugu state.