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Anambra Assembly passes N157.6bn 2019 Budget bill

Anambra Assembly passes N157.6bn 2019 Budget bill - the 2019 appropriation, n157, assembly, anambra state house, Anambra State, anambra, 2019 budget

By Okechukwu Onuegbu Anambra State House of on Thursday broke a new budgetary speed record when it passed bill of , 677, 809 presented to it on December 5 into law. Besides accelerated passage, the lawmakers also recorded another feat by passing the budget with the exact amount, , 677, 809 Governor Willie Obiano, presented to it.

Orient Weekend gathered that various Ministries, Departments and Agencies in the state merely took part in a less stringent budget defence that lasted between Thursday to Saturday last week.

Orient Weekend reported that bill is below the 2018 appropriation of N66.9bn presented by the governor which the later increased to N170.9billion during passage. Governor Obiano had during the presentation said that 41.3% was earmarked as recurrent expenditures, 58.7% capital expenditure.

He also hinted that it demonstrated his administration’s determination to continue delivering good governance and purposeful leadership.

 He maintained that the budget was created in line with the policy thrusts of resource planning and data optimization; increased internally generated revenue, economic diversification and empowerment; strategic collaborations; public private partnerships.

Passing the bill, the Speaker, Anambra State House of Assembly, Rt. Hon. Rita Maduagwu, who presided over the plenary, commended her colleagues for what she called their uncommon sacrifice and commitment to duty.

 According to Maduagwu, the would empower the executive arm of government to continue to dispense good governance to various communities in the state to touch positively all sectors of the economy for optimal productivity.

 “The budget passage is therefore an encouragement to our working governor, Chief Willie Obiano to continue his good work in the state,” she added. The speaker observed that there were minor amendments in the budget allocations to MDAs according to their respective needs but without altering their various budget sizes.

 Addressing the newsmen after the passage, the chairman, state house of assembly committee on finance and appropriation, Hon. Obinna Emenaka, said that the budget was lower than that budgeted in 2018 fiscal year because the state like other parts of the country was then recuperating from economic recession. Emenaka, however, noted that the 2019 appropriation would help to consolidate on that of 2018, whose performance he claimed depends on the projected revenue, Federation Account (FAAC) and oil benchmark.

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