Governor Ugwuanyi Presents N166.6 Billion Budget 2023 to Enugu Assembly
Governor Ifeanyi Ugwuanyi of Enugu State presented the N166.6 billion 2023 budget to the House of Assembly.
Mr. Ugwuanyi made the presentation Thursday at the assembly in Enugu.
The budget, titled the Consolidation and Transition Budget, has shrunk by 10.73%, compared to the 2022 budget of N1,186.64 billion presented by the Governor in December 2021.
"(It is) because the goal in 2023 is to conclude all ongoing projects and consolidate our achievements over the past seven and a half years," Ugwuanyi explained.
The Governor, during the presentation, said the 2023 budget will be guided by the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper and anchored on national macroeconomic assumptions.
>He listed assumptions to include national inflation rate (17.16%), national real gross domestic product growth (3.75%), oil production benchmark of 1.6 million barrels per day, the oil price benchmark of $70 per barrel and the exchange rate. rate of 435.57 naira per US dollar.
Mr. Ugwuanyi claimed that some "notable achievements" have been registered with the approved budget for 2022, citing some projects accomplished by his administration.
Describing the 2023 budget as a “bridging budget,” the governor said the budget would be implemented by his administration between January and May 2023, given that he would step down as state governor on 29 May.
"As we complete our second and final term by May 2023, we hope the coming year will provide a healthier environment that will allow us to solidify our cherished state of progress and growth, move forward and transit to the next administration,” he said.
The governor said the budget, totaling N166,602,416,770, has capital expenditure of N84 billion or 51%, while recurrent expenditure of N81 billion represents 49%.
>He said the 2023 budget will focus on security, construction and reconstruction of urban roads, opening up rural areas through the construction of roads and bridges, rehabilitation of the water supply system of Oji-River and other water facilities to improve the water supply in the state.
Others include the construction and fitting out of classrooms in basic education, the supply of hospital equipment for teaching and learning in the new university of sciences and applied medical sciences and d other health facilities in the state, as well as the provision of infrastructure in the state. judicial.
Mr. Ugwuanyi praised lawmakers for their support and cooperation with his administration.
He said the "smooth relationship" with lawmakers has facilitated some commendable achievements in the state since he took office in 2015.
“Mr. President, if I were to be (again) governor, I would like to work with this parliament again. Indeed, it was a great experience to work with you.
Responding, assembly speaker Edward Ubosi said lawmakers had also enjoyed a cordial relationship with the governor since the start of his administration.
“We are happy to work with your administration. I am happy to leave this office because of our goo...
Governor Ifeanyi Ugwuanyi of Enugu State presented the N166.6 billion 2023 budget to the House of Assembly.
Mr. Ugwuanyi made the presentation Thursday at the assembly in Enugu.
The budget, titled the Consolidation and Transition Budget, has shrunk by 10.73%, compared to the 2022 budget of N1,186.64 billion presented by the Governor in December 2021.
"(It is) because the goal in 2023 is to conclude all ongoing projects and consolidate our achievements over the past seven and a half years," Ugwuanyi explained.
The Governor, during the presentation, said the 2023 budget will be guided by the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper and anchored on national macroeconomic assumptions.
>He listed assumptions to include national inflation rate (17.16%), national real gross domestic product growth (3.75%), oil production benchmark of 1.6 million barrels per day, the oil price benchmark of $70 per barrel and the exchange rate. rate of 435.57 naira per US dollar.
Mr. Ugwuanyi claimed that some "notable achievements" have been registered with the approved budget for 2022, citing some projects accomplished by his administration.
Describing the 2023 budget as a “bridging budget,” the governor said the budget would be implemented by his administration between January and May 2023, given that he would step down as state governor on 29 May.
"As we complete our second and final term by May 2023, we hope the coming year will provide a healthier environment that will allow us to solidify our cherished state of progress and growth, move forward and transit to the next administration,” he said.
The governor said the budget, totaling N166,602,416,770, has capital expenditure of N84 billion or 51%, while recurrent expenditure of N81 billion represents 49%.
>He said the 2023 budget will focus on security, construction and reconstruction of urban roads, opening up rural areas through the construction of roads and bridges, rehabilitation of the water supply system of Oji-River and other water facilities to improve the water supply in the state.
Others include the construction and fitting out of classrooms in basic education, the supply of hospital equipment for teaching and learning in the new university of sciences and applied medical sciences and d other health facilities in the state, as well as the provision of infrastructure in the state. judicial.
Mr. Ugwuanyi praised lawmakers for their support and cooperation with his administration.
He said the "smooth relationship" with lawmakers has facilitated some commendable achievements in the state since he took office in 2015.
“Mr. President, if I were to be (again) governor, I would like to work with this parliament again. Indeed, it was a great experience to work with you.
Responding, assembly speaker Edward Ubosi said lawmakers had also enjoyed a cordial relationship with the governor since the start of his administration.
“We are happy to work with your administration. I am happy to leave this office because of our goo...
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