The Enugu State Governor, Dr. Peter Ndubuisi Mbah, on Tuesday, November 26, 2024, presented the 2025 budget proposal titled Budget of Exponential Growth and Inclusive Prosperity to the Enugu State House of Assembly.
This was made public by the state government through a tweet.
Here's the content of the tweet: “Today, I presented the 2025 budget proposal titled Budget of Exponential Growth and Inclusive Prosperity to the Enugu State House of Assembly. This N971 billion budget represents our dedication to transforming Enugu into one of the top three states in Nigeria by GDP while eradicating poverty in our communities. It is a bold and deliberate step towards achieving exponential growth and inclusive prosperity for Ndi Enugu.
“The proposed budget is structured to prioritise capital expenditure at N837.9 billion, constituting 86% of the total budget, while recurrent expenditure stands at N133.1 billion, representing only 14%. This marks an 86.4% increase from the 2024 budget and underscores our determination to sustain and amplify our development agenda.
“Education remains at the forefront of our priorities, as it forms the bedrock of a knowledge-based economy and a tool to eradicate poverty. To this end, we have allocated N320.6 billion, which accounts for 33.2% of the total budget. Beyond education, healthcare will receive N45.8 billion to ensure quality service delivery, while N213.1 billion has been earmarked for infrastructure development, with a focus on upgrading roads and public works.
“We recognise the critical role of agriculture in curbing food inflation. That is why we have set aside N82.3 billion to boost food production and agro-industrialisation. Additionally, N41.1 billion will be deployed to transform our transportation sector, including the expansion of Enugu Air with four new aircraft, the concessioning of Akanu Ibiam International Airport, and the development of an international cargo terminal.
“Our achievements in revenue generation reflect the strength of our economic reforms. The state’s Internally Generated Revenue (IGR) grew from N37.4 billion in 2023 to a projected N144.7 billion by September 2024—a remarkable 286% increase. This progress aligns with our deliberate efforts to reduce reliance on federal allocations and achieve fiscal independence,” it stated.
