Ebonyi State Governor Francis Nwifuru has presented Three Hundred and Ninety-Six Billion, Five Hundred and Eighty-Nine Million, Nine Thousand, Six Hundred and Twenty Naira (N396,589,009,620.00), appropriation bill for 2025 fiscal year.
The budget tagged ‘Budget of Economic and Social Development’ was presented by the governor at the State House of Assembly on Thursday.
According to Nwifuru, the budget would guarantee industrialization, economic growth and improved Standard of living.
The budget is made up of five major sectors – Administration-50,947,640,620.00, Economic-200,132,170,000.00, Social-141,180,049,000.00, Regional- 185,500,000.00, Law and Justice-4,143,650,000.00.
However, there are notable changes in the proposed 2025 budget for the Health and Education sectors as compared to the 2024 final budget.
Health budget for 2024 was N18,487,118,000.00 and 2025 budget is N39,012,563,000.00 while education budget 2024 was 59,566,375,522.89 and 2025 proposed budget is N70,143,386,000.00.
The Governor however solicits understanding and cooperation of all Ebonyi people.
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“The task of governance is not an easy one, and the task of meeting people’s needs is even more challenging due to multiplicity of human wants. But we are determined to steadily pursue our commitment as outlined in the People’s Charter of Needs, the guiding compass of our administration to logical conclusion.
“We acknowledge that we are not yet where we ought to be, but we have made significant progress. We will not relent until we reach the shore. My administration therefore solicits the understanding and cooperation of all Ebonyi people. Mr. Speaker and dear Distinguished members of this great
Assembly, it is my earnest desire that this budget proposal be given speedy and favourable consideration for the achievement of its lofty plans for the State and the people. I thank you once more for your legislative interventions and the space they occupy in the scheme of growth and development of our dear State.
“Mr. Speaker, very distinguished members of Ebonyi State House of Assembly, it is now my honour to lay before you, the 2025 proposed budget of Economic and Social Development totaling Three Hundred and Ninety-Six Billion, Five Hundred and Eighty-Nine Millon, Nine Thousand, Six Hundred and Twenty Naira (N396,589,009,620.00), for your kind consideration and passage into Law.”
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