The Governor of Abia State, Dr Okezie Ikpeazu has presented the 2022 budget to the Abia State House of Assembly for consideration.
The budget which was christened “Budget of Economic Recovery through Industrialization” has the estimate of #147, 787, 781, 300 (One Hundred and Forty-Seven Billion, Seven Hundred and Eighty-Seven Million, Seven Hundred and Eighty-One Thousand, Three Hundred Naira).
Speaking while presenting the 2022 draft budget estimate to the house on Tuesday, the Governor disclosed that the budget is 10.8% higher than that of last year.
The 2022 budget is made up of a recurrent expenditure of =N=66, 830, 193, 200 (Sixty Six Billion, Eight Hundred and Thirty Million, One Hundred and Ninety-Three Thousand, Two Hundred Naira Only, representing 45% of the budget.
The Capital Expenditure component is =N=80, 957, 588, 100 (Eighty Billion, Nine Hundred and Fifty-Seven Million, Five Hundred and Eighty-Eight Thousand, One Hundred Naira) representing 55% of the total budget.
