Soludo Presents N258.97 Billion 2023 Budget Estimate

Anambra State Governor Charles Soludo has presented a N258.97 billion 2023 budget to the House of Assembly.

Soludo made the presentation on at the Chambers of the state Assembly in Awka on Thursday.

The budget, titled 'Budget of acceleration' recorded a raise from the N170 billion revised 2022 budget presented by Mr Soludo in May.

During the presentation, Soludo said that this year's budget embodied his administration’s “singled-minded focus and determination to continue to press the accelerator pedals in spite of the risky bumps on the way”.

“Ours is an agenda with a deadline and there will be no excuses,” the governor said.

He said the budget has a capital expenditure of N164 billion, accounting for 63.2 per cent, while recurrent expenditure at N95.5 billion accounts for 36.8 per cent, representing a budget deficit of N13 billion.

He also said about N91.8 billion, representing 56 per cent of the total capital expenditure, was devoted to land transport, power generation and urban reintegration.

This, he said, is a reflection of the “peoples’ priority needs” in the state.

“We plan to complete the building of the Anambra Airport within the 2023 fiscal year.

"A major emphasis is placed on environment – erosion control, desilting major drainage ways, tree planting, beautification, urban regeneration and preparations for emergency responses for the future,” Soludo stated.

He reiterated that his administration will partner local communities to extend development to all parts of the state.