In a move to sustain the momentum of his administration, Abia State Governor, Alex Otti, has presented a ₦750 billion budget for the 2025 fiscal year to the State House of Assembly.
The proposed budget, tagged “Budget of Sustained Momentum,” focuses on key areas that will benefit the people of the state.
According to Otti, the proposed budget aims to sustain the momentum of his administration, as indicated by the title of the Appropriation Bill.
Otti explained that the budget reflects the inputs of Abia residents, who participated in citizens’ engagement sessions. The session was organised by the State Ministry of Budget and Planning.
He emphasised that the budget prioritises capital projects. Also 82% of the total amount was allocated to infrastructure development, agriculture, and education.
Key Highlights Of the Budget
Capital Expenditure: ₦611.7 billion (82% of the budget) will be allocated to capital projects, including infrastructure development, agriculture, and education.
Recurrent Expenditure: ₦138.6 billion (18% of the budget) will cover personnel costs, social benefits, overheads, and debt servicing.
Funding: The budget will be funded through increased internally generated revenue, statutory allocation, grants, value-added tax, and borrowing from domestic and multilateral channels.
Otti assured the lawmakers that the Abia budget would be used judiciously for the benefit of the people.
Also, he reiterated that the state had not borrowed any funds to execute projects in the past fiscal year.
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According to him, any borrowing would be strictly for projects that will ultimately repay the loans.
The Speaker of the State House of Assembly, Rt. Hon. Emmanuel Emeruwa, commended the Governor for his detailed budget presentation and expressed optimism that it would sustain the administration’s momentum.
Emeruwa assured the Governor that the House would prioritize the consideration of the bill.
