Anambra Assembly Passes 169.6 Billion Revised Budget As Soludo Applies For 100 Billion Loan

Soludo Applies For 100 Billion Loan

…The loan would assist the governor embark on construction and refurbishment of key infrastructure

By: IFEANYI Okonkwo

Anambra Assembly today 15th July 2022 during plenary passed the state revised 2022 budget of N169.6 billion into law.

The bill which was read for the third time, was passaged followinf adoption of the report of the House Committee on Finance and Appropriation which indicated that N108 billion was provided for capital expenditure and N61.3 billion recurrent expenditure.

The Chairman of Anambra State House of Assembly Committee on Finance and Appropriation, Hon. Obinna Emeneka, who presented the report, said they decided to retain the size of the revised budget after a thorough scrutiny and review, although with little adjustments in some ministries, department and agencies’ allocation.

The Speaker commended the committee for thorough scrutiny of the budget and conducted a voice vote for the adoption of the report.

Okafor further directed the Acting Clerk of the House, Mrs Esther Anaetoh, to send a copy of the bill to governor Soludo for his assent.

The Speaker also read a letter from Anambra State Governor, Prof Chukwuma Soludo, appling for N100 billion loan from the Global Limit Multiple Term loan facility barely 55 days after presenting a bill of N169.6bllion before the state House of Assembly.

According to a letter dated July 5, 2022 and read by the Speaker during plenary, the loan would assist the governor embark on construction and refurbishment of key infrastructure in the state.

The letter was referred to the House Committee on Public Accounts for consideration and they would report to the House on Thursday, July 21.

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