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Nigeria: Umahi Presents 2021 Budget Estimate of N123 Billion to Ebonyi Assembly
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Benjamin Nworie in Abakaliki
The Ebonyi State Governor, David Umahi, has presented the 2021 Appropriation Bill of N122, 852, 045, 22.49 to the state House of Assembly.
The bill tagged: ‘Budget of Stabilisation and Consolidation in a Recession’, is expected to have its major revenue from the Federal Allocation while other revenue heads are expected to come from sales of international market stores, land proceeds, sales of malls and other receipts.
The governor also projected 10.47 percent increase in the internally generated revenue (IGR) from N10,569,074,353.56 in 2020 budget to N12,858,297,657.83 representing 10.47 percent of the total expected revenue.
According to Umahi, “Our major revenue is expected to come from the Federation Account estimated at about N52billion or 42.33 percent of the budget. Other revenue heads like IGR, sales of international market stores, land proceeds, sales of malls, other receipts among others will account for the balance of N57.994billion or
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2021 Budget: Umahi presents N122bn proposal to Ebonyi Assembly
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By Peter Okutu – Abakaliki
Governor David Umahi of Ebonyi State, Tuesday presented the 2021 budget proposal of N122 billion and Appropriation Bill of the State Government to the Ebonyi State House of Assembly.
The budget which is tagged: “Budget of Stabilization and Consolidation in a Recession” placed the recurrent estimate to be 40% of the total budget.
Making his presentation at the hallow Chamber of the State House of Assembly, Nkaliki, the Governor noted that financing of the budget “is expected to come from Federation Account estimated at about N52bn or 42.33% of the budget” as the state government was “projecting to increase our IGR from projected N10,569,074,353.56 in 2020 budget to N12,858,297,657.83 or 10.47% of our total expected revenue.