Ebonyi: Gov Nwifuru Presents Budget Estimate of N396b to State Assembly
Ebonyi: Gov Nwifuru Presents Budget Estimate of N396b to State Assembly
Ebonyi State Governor, Rt Hon Francis Ogbonna Nwifuru has presented a budget estimate of Three Hundred and Ninety-Six Billion, Five Hundred and Eighty-Nine Million, Nine Thousand, Six Hundred and Twenty Naira for the 2025 fiscal year to the State House of Assembly in Abakaliki.
The Budget christened “Budget of Economic and Social Development” according to the Governor was designed to guarantee industrialization, economic growth and improved standard of living
He added that the appropriation bill was targeted at driving tremendous improvement for the health and education sectors compared to the 2024 budget.
He noted that recurrent expenditure will gulp N112.073, 861,620.00 from the total budget with N36.656 billion earmarked for personnel cost, the overhead cost is stipulated to gulp N75.417 billion while capital expenditure has a total budget of N284.515billion.
Nwifuru who laid emphasis on the economic and social sector in the budget, noted that while the economic sector is expected to gulp the sum of N152, 688,755 billion, N115, 010, 713 billion is appropriated for the social sector.
He noted that under the social sector, the Ministry of Education has a total budget of N70.143 billion while the Health Ministry has a total budget of N39.012billion
He maintained that the budget proposal would not be achieved without the 2025 revenue projections, as such, adding that the state projects its Internal Revenue (IGR), Tax Revenue at N14.392,444.278 billion while Non Tax Revenue is targeted at N14.106.960.342 billion amounting to N28.499.409.620.
Governor Nwifuru said the State is projecting a total sum of N175billion Revenue generation from the Capital Development Fund to assist the state to accomplish its projects in 2025.
He stressed that his administration has embarked on procurement of multi-billion naira medical equipment and consumables for general hospitals across the state, including but not limited to MRI machines and CT Scanners.
