Anambra Government says it plans to spend N20 billion in the 181 communities in the state in the second phase of its Community-Chose-a-Project programme.
The Commissioner for Economic Planning and Budget, Mr Mark Okoye, said this at a joint post-budget presentation news conference in Awka on Wednesday.
Other officials at the conference were Commissioner for Information and Strategy, Chief Tony Nnacheta, and Special Adviser to Gov. Willie Obiano on Budget Efficiency, Mr Melie Onyejekwu.
Okoye said the fund for the community projects was provided for in the 2017 Appropriation Bill which was presented to the Anambra State House of Assembly by Obiano on Dec. 6.
He said the budget, which was a product of wide consultation with the communities and civil society organisations, was realistic and in tune with the current economic realities.
Okoye said the budget was based on the principles of optimal resource allocation, stronger collaboration with the Federal Government and holistic approach to development partners.
He said the N115.5 billion budget was with deficit proposal to the tune of N10 billion designed to takeg the state out of recession.
According to the commissioner, the budget christened “Budget for Economic Recovery and Inclusive Growth”, was an amplified version of the stimulus package announced by Gov. Willie Obiano two months ago.
He said the state projected to realise N20.4 billion as Internally Generated Revenue, adding that it would largely be realised from corporate taxes and blocked leakages through improved automated collection system.
Okoye said the government would make the public-private-partnership with investors more robust and mutually rewarding.
He said the pact of the school feeding programme with the Federal Government was concluded on Dec. 5.
According to him, the state government was targeting no fewer than 70,000 school children at a tentative rate of N70 per day for every child, but subject to review.
The News Agency of Nigeria (NAN) reports that Obiano, on Oct. 6, presented an Appropriation Bill worth N115.5 billion in the ratio of 51:49 for capital and recurrent expenditure to the State House of Assembly.
According to the draft, road and infrastructure got the highest chunk of N24.1 billion, representing 40.9 per cent of the capital estimate, while poverty alleviation and agriculture were second and third with N5.6 billion and N5.4 billion representing 9.4 and 9.2 per cent, respectively. (NAN)