Governor Dave Umahi presenting the budget to Ebonyi State Assembly
‘The budget will facilitate the setting up of two more universities of ICT University at Oferekpe, Izzi and the Aeronautical University at Ezza, among other key projects’
By Nweze Anaga, Abakaliki
Governor David Umahi of Ebonyi State has presented 2023 budget of NI39 billion to the Ebonyi State House of Assembly.
Tagged, “Budget of Divine Mandate Consolidation and Continuity (C to C),” Umahi, who presented it yesterday, said that his administration would implement 41.67%, while the next would implement 58.33% of the remaining budget.
“The budget is a total of One Hundred and Thirty-Nine Billion, Three Hundred and Ninety-Eight Thousand, Two Hundred and Eighty Thousand Six Hundred and Forty Naira, only (N139,398,280,640.00).
“This consists of a Recurrent Expenditure of Fifty-Eight Billion, Three Hundred Sixty-Seven Million, Seven Hundred Seventy-Four Thousand Four Hundred and Sixty-Eight Naira (N58,367,774,468.00) covering 41.87% of the total budget.
“Personnel cost is Twenty-Six Billion, Eight Hundred, Ninety-Four Million, Three Hundred, Eighty-Four Thousand Four Hundred and Sixty-Eight Naira (N26,894,384,468.00) covering 19.29% of the total budget.
“Overhead cost is Thirty-One Billion, Four Hundred Seventy-Three Million, Three Hundred and Ninety Thousand Naira (N31,473,390,000.00) covering 22.58% of the total budget.
“The capital expenditure of Eighty-One Billion, Thirty Million, Five Hundred Six Thousand, One Hundred and Seventy-Two Naira (N81,030,506,172.00) covering 58.13% of the total budget estimate”.
Governor Umahi also explained that the 2023 budget proposal was 4.13% less than the 2022 original budget and it was aimed at addressing the challenges observed so far in the implementation of the 2022 original budget.
He explained that the budget would facilitate the setting up of two more universities of ICT University at Oferekpe, Izzi and the Aeronautical University at Ezza, among other key projects across the state.