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2019 budget: Obiano proposes N157b

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  • Breakdown: Roads N22b, Education N12b, 2000 hectares of new farmland, N36b IGR targeted

GOVERNOR of Anambra, Chief Willie Obiano, yesterday presented before the Anambra House of Assembly (ANHA) a draft budget estimate of N157.1 billion for year 2019.

Headlined “Budget for Sustainable Economic Growth and Youth Empowerment” as its policy statement, about 41.3 percent was earmarked for recurrent expenditures with 58.7 percent going for capital spending.

To take his administration’s commitment to development of physical infrastructure, the budget contains total fiscal estimates of N22.4 billion for road construction, with new roads to cost N20.9 billion naira and N1.5billion allocated to Anambra State Road Maintenance Agency (ARMA) to boost its operations in rehabilitation of rural roads.

Further breakdown of the budget proposal shows that a total capital expenditure of N11.9 billion is projected for the education sector, with N500 million earmarked for Micro Small and Medium Enterprises Funding Programmes to be implemented through Anambra Small Business Agency (ASBA) to consolidate its 2018 success in creation of direct and indirect jobs.

Gov Obiano also gave hints that his administration intends to cultivate additional 2000 hectares of land in further implementation of its Development Project aimed at creation of jobs through mechanised non-seasonal farming for which N4 billion will be devoted to youth empowerment in a scheme that may benefit 10,000 people through vocational, agriculture and artisan training programmes as well as interest free start-up capital to commence businesses.

Another N2 billion has been marked to boost Anambra Health Insurance Scheme (AHIS) to be sure adequate implementation of the programme among other sectoral allocations.

Rendering account of his stewardship, Gov. Obiano stressed that his administration hopes to plan a review of their four year state development plan and finalise preparations for 2019-2021 medium term sector strategies across the state, stressing that they will maximise data usage in planning.

The governor also laid out a N3 billion monthly projection to be derived from internally generated revenues (IGR) in 2019, urging the citizenry to monitor budget implementation.

Earlier in her remarks, Speaker of Anambra House of Assembly, Rita Mmaduagwu thumbed Gov Obiano’s implementation of 2018 budget, particularly his special attention to human and infrastructural development across the state, promising the full cooperation of legislators in the governor’s efforts to transform all sectors of the economy.

Making an analysis of the fiscal proposals, Commissioner for Budget and Planning, Mr. Mike Okoye described the 2019 budget as realistic, expressing confidence that the state will benefit tremendously.

“There is an improvement by government which is clearly reflected at the GDP. The budget is hoping to address the production aspect of the economy through youth empowerment, creating more jobs opportunities to raise means of livelihood. The critical part of a budget is coming up with realistic achievable projection for revenue expedition,” Okoye said.

Gov Obiano’s entourage to the budget presentation includes his wife, Chief (Mrs.) Ebelechukwu Obiano, Deputy Governor of Anambra State, Dr. Nkem Okeke, Secretary to the State Government (SSG) Prof Solo Chukwulobelu, Commissioners, Permanent Secretaries, Senior Special Assistants and Special Assistants to the governor, among other dignitaries.

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