• Page Views 45

Enugu Governor Signs N146.3bn Revised 2020 Budget

The Enugu State Governor, Ifeanyi Ugwuanyi has signed into law the revised 2020 budget of N146.3billion.

The budget represents a 13.6 percent decrease after a downward review from N169.5 billion initially proposed in December 2019.

Out of the budget size, the capital expenditure stands at N69. 7billion while the recurrent expenditure is N76.5billion, representing 48 percent and 52 percent respectively.

Governor Ugwuanyi signed the budget on Wednesday in the presence of his deputy, Mrs. Cecilia Ezeilo, the Speaker of the House, Edward Ubosi, members of the State Executive Council, among other top government functionaries.

While thanking the lawmakers for their diligent and expeditious passage of the budget, the governor said he is optimistic that the budget of responsive and accountable governance will enable his administration to consolidate its developmental agenda.

The budget was revised in response to the negative consequences of the outbreak of COVID-19 on the economy.

channelstv

Share This Article

CBN Retains Interest Rate At 12.5%

Next Story »

Jigawa Governor Signs Revised 2020 Budget

Lifestyle

  • French Economy To Bounce Back As Lockdown Lifted

    3 weeks ago

    France’s economy, which like those of other countries was pushed into a bruising recession by the coronavirus, will bounce back now that lockdown measures are lifted but ...

    Read More
  • Justify The Necessity For Electricity Tariff Increase, Organised Private Sector Tells FG

    3 weeks ago

    The Organised Private Sector of Nigeria (OPSN) has asked the Federal Government to justify the recent increase in electricity tariff which took effect on September 1, 2020. ...

    Read More
  • Chelsea Sign Leicester’s Ben Chilwell On Five-Year Deal

    1 month ago

    England left-back Ben Chilwell on Wednesday became Chelsea’s third high-profile signing of the summer, leaving Leicester for a fee reported to be around £50 million ($66 million). ...

    Read More
  • South Africa’s Annual Inflation Climbs To 3.2%

    1 month ago

    South Africa’s annual consumer inflation rate climbed to 3.2 percent in July from 2.2 percent the previous month, driven mainly by transport, food and housing prices, official ...

    Read More
  • Presidency Reacts To –6.10% GDP Decline, Says Nigeria Not Doing Bad

    1 month ago

    The Presidency has hailed the second quarter (Q2) Gross Domestic Product (GDP) estimates by the National Bureau of Statistics (NBS). According to the NBS report, Nigeria’s GDP ...

    Read More