…Allocates N200m to victims of police brutality
ANAMBRA State Governor, Chief Willie Obiano, has presented a budget estimate of N143.65billion to the Anambra State House of Assembly for the 2021 fiscal year.
The 2021 budget estimate projected a recurrent expenditure of 39.5 per cent (N56.77billion) and a capital expenditure of 60.5per cent (86.88billion).
Gov. Obiano made the presentation at House of Assembly Chambers, Anambra State House of Assembly Complex, Awka.
Presenting the budget estimate themed: “Economic Recovery and Consolidation,” Gov. Obiano declared that the budget will help to sustain and maintain the achievements of his administration.
According to him, the budget is based on realistic projections of all sources of revenue, both external and internal, taking into consideration, the state’s revenue and expenditure trends.
“It will drive the budget theme and help to sustain our past achievements. It will also ensure that we maintain our status as a hub for business and a destination for new investments,” Obiano said.
Gov. Obiano also listed the basis and assumptions for the budget estimate to include a projected sum of N46.7billion from federal allocations and 36.6billion from projected internally generated revenue. ThegGovernor however, stated clearly that taxes and levies will not be increased by his administration in the coming year.
Other indices for the basis and assumptions for the budget estimate include capital receipts projected at N20.9billion, personnel costs estimated at 17.6billion for the year, total overheads estimated at 22.9billion for the year (2021) and social benefits, including pensions, gratuities, group life insurance and loan repayments estimated at N16.2billion. Debt financing was also listed with an estimate of N11.0billion.
The budget estimate earmarked a total of N32billion for infrastructural development and construction of roads and bridges. N19.44billion out of this sum is proposed to be spent on constructing new roads and rehabilitating existing ones.
The Anambra Road Maintenance Agency (ARMA) attracted N1.2billion for effective road rehabilitation and maintenance in the state.
In the same vein, about 50 ongoing road projects in the three senatorial zones of the state as well as access roads to agricultural communities and settlements will be completed and constructed.
This section of the budget proposal equally captured the completion of some legacy projects of the Obiano administration and the development of sports facilities in the state.
Under it, the proposed International Cargo Airport, Umueri, attracted N5.8billion to aid its completion while the International Conference Centre, Awka, attracted N500million.
To aid sports development, the sum of N500million was earmarked for the development of sports stadia in Awka, Ekwulobia and Otuocha.
Further breakdown of the budget estimate indicated allocation of funds to key ministries which saw agriculture and allied sectors getting N2.5billion while N5.0billion was allocated to education and health got N6.8billion. Water resources and public utilities got N3.77billion in similar vein as youth empowerment and creative economy attracted N5.4billion
A special feature in the budget estimate was provision of N200million for compensation of ndi Anambra who have proven cases of gross human rights violation, torture and death from activities of the defunct SARS in Anambra state.
The budget proposal also allocated funds for small and medium enterprises development, community social development and disability inclusive programmes.