Anambra State Governor, Chief Willie Obiano, yesterday presented 2016 budget proposal of N101.4 billion to the State House of Assembly for consideration, saying it captures the hopes and aspirations of every citizen in the state.
Obiano who made the budget presentation at the State Assembly Complex, Awka, tagged it, “the budget for efficiency, optimization, productivity and job creation”.
He said the 2016 budget represents a decrease of 38 percent over the current fiscal years’ budget, pointing out that the capital expenditure is projected at N52.8 billion while the recurrent expenditure stands at N48.6 billion.
According to Governor Obiano, these figures imply a capital to recurrent expenditure ratio of 52:48 as against 67:33 in the current year.
The Anambra State Chief Executive, listed the key budgetary allocations as follows: Works and Infrastructure N30.0 billion, Education N3.0 billion, Health N2.45 billion, Public utilities N1.8 billion and Agriculture (Rural development) N1.02 billion.
On priority sectors, he said expenditure on road infrastructure for 2016 would continue to account for a significant proportion (57 percent) of the capital expenditure, as government had resolved to complete all on-going road contracts awarded by the last administration, as well as fulfill our investment obligations with Public–Private–Partnerships to provide access roads.
He said government would provide access to quality education for Anambra children, deploy teachers to rural/hard-to-reach areas, and reposition technical/vocational education, TVE, through refurbishment of infrastructure and accreditation of courses in three model government technical colleges in the three senatorial zones.
In the area of youth empowerment and job creation, he said, “We shall challenge our youths with training for self–empowerment that will aid individual fulfillment and communal growth; commence the use of the federal youth centre facility at Mgbakwu and increase our intake at the college of Agriculture also at Mgbakwu”.
The governor stated that the 2016 budget was anchored on some assumptions, including the sharp drop in crude oil price bench mark of US$40.20/bbl and average production of 2 million barrels per day, Internally Generated Revenue, IGR, of about N2.2 billion representing 80 percent rice on current levels and projected N12 billion in counterpart and concessionary funding from development partners.
He urged members of the State Assembly to expedite action and pass the budget proposal on time, in the effort to transform the state and create jobs for the youths.
Responding, the Chairman, House Finance and Appropriation Committee, Hon. Obinna Emenaka assured that the House will do justice to the budget.


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