Anambra’s N607bn Budget Strengthen Solution Industrialisation Agenda - Nnake

Ms Chiamaka Nnake, Commissioner for Economic Planning and Budget in Anambra says the budget of N606.99 billion presented by Gov. Chukwuma Soludo to the State Assembly will consolidate the industrialisation efforts of the state government.

Nnake who said this at the breakdown of the budget christened “Changing Gears 2.0” said it was 48 per cent increase over the budget of 2024 which was N410bn.

The Commissioner who gave details said  the budget had a capital proposal of N467.5 billion and recurrent purse of N139.5 billion representing 77 percent and 23 percent respectively

Nnake said the budget had a deficit of N148.3 billion which would be raised from revenue growth or borrowing from financial institutions.

“The budget deficit is estimated at N148.3 billion, that is 24 percent of the budget and this will the deficit is expected to be funded through revenue growth or borrowing from financial institutions.

“Like Mr Governor said in his speech, the vision of this administration to turn Anambra into a destination rather than a departure lounge is fully on course. 

“Administration accounts for 12.7 percent of the budget, the economic sector 56.6 percent and the Judiciary sector will get 2.9 percent  and the social sector 20.9 percent,” he said.

 Nnake said completion of ongoing road projects and construction of new ones would gulp estimated N200 billion while development of new cities in Onitsha, Awka, Onitsha and Industrial City at N32 billion

In tourism, the Commissioner said development of  leisure/entertainment centre across the state would get  N10 billion, micro enterprises would receive N2 billion while information, communication and social orientation  got a purse of N5 billion.

She said development of  a 4-star hotel and new markets would get N15bn and N10 billion while fitting/equipping the new Government House would gulp N5 billion.

Nnake said the determination to raise a digital tribe was still on course with the completion of the Solution Innovation District building getting an allocation of N3 billion while matching fund for counterpart fund had an outlay of N5 billion.

She said N2 billion would be used for purchase of armored personnel carriers and other equipment to boost the security architecture while buses/jetties/boats would be purchased N 2,5billion for mass transport services.

“Riverine and Oil-Producing Communities will get N500 million, our oil palm and coconut seedling programme has a projection of N2 billion while solar street lights and solar for government offices          has a budget of N7 billion.

“We plan to bring urban water schemes back with N5 billion, the construction of House of Assembly Legislative Quarters N1,5 billion and we will sustain and expanding operations of Solution Innovation District with  N2,24 billion 

“Next year, empowerment programme  will get  N3 billion and Mr Governor is determined to develop the solid mineral sector with allocation of N2,39 billion and we made a provision of N2 billion for erosion control,” he said.

Nnake said Education was a priority to the Soludo administration with  proposed N11 billion for renovation, construction, equipping of smart schools and another N3 billion for student loan, bursary with N22 billion meant for development of institutions.

She said N1 billion will be used as supplementary funds to secondary schools and N250 million will be used as  transport support for schools while development of petroleum and energy resources would get N1,78 billion 

“In health,construction and equipping of General Hospitals has a provision of N3, billion, N1 billion will be used for accreditation of general hospitals  and extension of free antenatal and delivery will get N1 billion.

“Construction and equipping of the college of nursing and extension of Chukwuemeka Odumegwu Ojukwu University Teaching Hospital in Aguata has a budget of N7 billion.

 “N1,5 billion is earmarked for construction of a stand-alone trauma center and the upgrading of the  Teaching Hospital has N1 billion provision while the construction of Cancer Hospital will gulp N5 billion,” she said.