Anambra State Governor Chukwuma Soludo on Thursday presented a revised 2022 budget of N170 billion to the state House of Assembly for approval.
The state’s immediate past governor, Willie Obiano had on December 9, 2021, presented to the Assembly N141.9 billion as the 2022 budget, which the lawmakers passed.
But Soludo, presenting the revised budget, explained that it was meant to reflect current realities, challenges, priorities of the new administration and the dire needs of residents in Anambra.
According to him, the N108 billion of 64 per cent of the total budget was set aside as capital expenditure compared to 57 per cent in the previous budget and N61.3 billion or 36 per cent for recurrent expenditure against the initial 43 per cent.
He said that the state government would spend N19 billion on personnel costs and N23 billion on overheads.
Soludo further assured that his government would maintain the “Community Choose Your Project” initiative of his predecessor, which was increased from N20 million to N25 million per community.
“The 2022 Revised budget seeks to achieve four pillars of economic transformation, social agenda, governance, rule of law and value as well as greener and healthier environment.
“We inherited challenges of which red treasury and insecurity were the most acute. But I am emboldened by the massive support and solidarity of the people. We are Anambra people, and together, we shall overcome.
“Give us the budget urgently, and by the time our people come home for Christmas, we will all be proud that we are serving the people well,” he said.