Umahi presents n208billion budget state assembly

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Umahi Presents N208 Billion Budget to State Assembly

The Governor of Ebonyi State, David Umahi, has presented a budget of N208 billion to the State House of Assembly for the 2023 fiscal year. The budget, which is titled "Budget of Consolidation and Development", is aimed at consolidating on the achievements of the past years and accelerating the development of the state.

According to the governor, the budget is made up of N143 billion for recurrent expenditure and N65 billion for capital projects. The budget also includes a provision of N10 billion for the payment of outstanding debts and N20 billion for the establishment of a new university in the state.

Umahi stated that the budget is designed to promote economic growth, improve infrastructure, and enhance the living standards of the people of Ebonyi State. He also emphasized the need for the state to diversify its economy and reduce its dependence on federal allocation.

The Speaker of the State House of Assembly, Francis Nwifuru, commended the governor for presenting the budget on time and assured that the assembly would give it a thorough scrutiny before passing it into law.

The budget presentation is a significant event in the state's fiscal calendar, as it sets the tone for the state's financial planning and allocation of resources for the year.