2016: Enugu Budgets N85.179bn

Medical officers attending to people, during the National Agency for Control of AIDS/SURE-P free medical outreach in Isuochi community in Abia State, recently

Enugu State Governor,
Ifeanyi Ugwuanyi on Wednesday presented to the State House of Assembly for consideration a budget estimate of Eighty five billion ,one hundred and seventy nine million, four hundred and forty nine thousand naira (N85,179,449,000) for the 2016 fiscal year.
The budget, tagged”Budget of Stability and Consolidation,” is lower than the 2015 budget of (N96,735,300,000) Ninety six billion, seven hundred and thirty five million, three hundred thousand naira by Eleven billion, five hundred and fifty five million , eight hundred and fifty one thousand naira (N11,555,851,000).
Presenting the budget to the law makers at the hallowed chamber of the state House of Assembly, Ugwuanyi hinted that the budget proposal, which represents a decrease of 12 percent, was necessitated by the realities of the times with respect to revenue inflow from Federal Allocation.
He said a total sum of  Forty three billion, seven hundred and thirty five million, nine hundred and thirty one thousand naira (N43,735,931,000) representing 51%,is for Recurrent Expenditure as against Forty- one billion, seven hundred and ninety five million, three hundred and nineteen thousand, seven hundred eighty nine naira (N41,795,319,789)budgeted in 2015.
According to him, Forty-one billion, four hundred and forty-three million, five hundred and eighteen thousand naira (N41,443,518,000) which represents 49% is for Capital Expenditure as against Fifty-four billion, nine hundred and thirty-nine million, nine hundred and eighty thousand, two hundred and eleven naira (N54,939,980,211) budgeted for 2015 fiscal year.
The governor explained that in 2016, Government expects a Recurrent Revenue of Sixty three billion, ninety seven million, four hundred and fifteen thousand naira (N63,097,415,000) as against Eighty five billion, three hundred and thirty eight million, one hundred and twenty nine thousand, seven hundred naira (N85,338,129,700) in 2015.
The administration he stated intended to realize this amount through aggressive Internally Generated Revenue IGR drive which is estimated to yield Eighteen billion, eight hundred and eighty two million, four hundred and fifteen thousand naira (N18, 882,415,000), representing 29.93% of total recurrent revenue and a projected share from the Federal Revenue estimated at Forty four billion, two hundred and fifteen million naira (N44,215,000,000) which accounts for 70.07% of the total projected Recurrent Revenue.
“The estimated Recurrent Expenditure is Forty-three billion, seven hundred and thirty-five million, nine hundred and thirty one thousand naira (N43,735,931,000). Out of this amount, Twenty-eight billion, eight hundred and forty-three million, two hundred and ninety-one thousand, nine hundred and forty- eight naira, (N28, 843,291,948)which represents 65.95% is for personnel costs, including Consolidated Revenue Fund Charges.
“A total of Eight billion, five hundred and thirty million, nine hundred and eighty-six thousand, eight hundred and seventy-five naira, (N8,530,986,875) representing 19.5% is for overhead cost while Six billion, three hundred and sixty-one million, six hundred and fifty- two thousand, one hundred and seventy seven naira, (N6,361,652,177) represents14.55% for subvention to parastatals and tertiary institutions”.

Canice Amadi, Enugu