Enugu’s N169b 2021 Budget Elicits Growth Optimism

 

Governor Ifeanyi Ugwuanyi of Enugu State has presented a budget estimate of N169,845,758.500 to the state’s house of assembly.

The 2021 budget christened “Budget of Recovery and Continued Growth” is 13.8% higher than the revised 2020 estimates.

Also, in the 2021 budget, capital expenditure is significantly higher than recurrent expenditure. The budgetary figure for the former is N101b, representing 60% of the total budget, while the sum for the latter is N68.711b. This represents 40% of the entire budget figure.

This ratio of capital expenditure to recurrent expenditure is a strong hint of the Ugwuanyi administration’s intention to spur economic growth, particularly given the lull occasioned by the outbreak of Covid-19 in 2020.

Speaking on the performance of the 2020 budget, Governor Ugwuanyi said the year began on an optimistic note, as Enugu State commenced the payment of the new minimum wage. He noted, however, that the spread of Covid-19 compelled a lockdown. “We slept in one ward, and woke up in another,” he said.

On the 2021 budget’s key deliverables, the governor listed a number of key projects, comprising the completion and landscaping of the International Conference Centre, and the construction of a flyover at Nike Lake Hotel road, Abakpa, both in Enugu.

Others include the establishment of a fertilizer-blending plant; completion of ESUT Teaching Hospital, Igboano; rehabilitation of 9th Mile Water Scheme; construction of Station Road – Subway road, and several other development projects across the state.

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