2013: Obi Budgets N110.8bn

19 Dec 2012

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Governor, Mr. Peter Obi,

By Charles Onyekamuo

Anambra State Governor, Mr. Peter Obi, Tuesday  presented a budget of N110.8 billion to the state House of Assembly for the 2013 fiscal year.

Before the budget presentation, Obi had in his Lodge in Awka, sworn in Hon. Samuel Nwachukwu Okoye, as the substantive President of the Customary Court of Appeal.

He also swore in Hon. Sabestin Okoye, and Dr. Lawrence Ikeakor, as the state’s Commissioners for Environment and Health, after the ministries had remained without commissioners over a year.
The governor charged the new commissioners to improve on what they met on the ground and create a better future for citizens of the state. 

Meanwhile, Obi, while explaining the rationale for the amount budgeted for next year, said the 2013 budget was higher compared to the N83.2 billion budgeted for the outgoing year, which represented an increase of 33.28 per cent.
The 2013 budget proposal which was tagged “People’s Budget of Integrated Development,” the governor said reflected the critical development needs of the people of the state as expressed  in key sectors of the state economy.

Obi added that the sectors were made up of N70.895 billion for capital expenditure and N39.995 billion for recurrent expenditure.
Besides, an estimated total sum of N70.895 billion, he said, was expected from capital receipts in 2013, an increase of 51.07 per cent over the budgeted sum of N46.929 billion for 2012.

Though his sixth budget since assuming office in 2006, Obi said the state government’s emphasis would be on poverty reduction measures with the economic sector having an allocation of 32.39 per cent of the total capital budget, while other sectors like the social, environment and general administration would be allocated 19.13 per cent, 10.62 per cent and 37.87 per cent respectively.
He said his administration was mindful of the need to make its capital budget more realistic and predictable in 2013.

, consequent upon which prioritisation of projects and programmes with a view to obtaining optimal results would remain the guiding principles in the allocation of funds given the ceilings and envelopes allocated to each sector and subsector based principally in next year’s anticipated revenue picture. 

Towards this end, the policy thrusts of 2013 budget, he said, had taken the state’s lean financial resources into account as well as the need to intensify on-going reforms in the Public Financial Management (PFM) system and would target the sustenance and intensification of various interventions in the area of poverty reductions for the eradication of extreme poverty and hunger.

Others, he said, would include the promotion and implementation of those programmes and projects that address the critical targets of Millennium Development Goals (MDGs), which the state intended to achieve by 2015, including her strategy of integrated development aimed at steering Anambra state towards achieving comprehensive development.

Also, part of the policy thrusts for 2013 he said is the intensification of the enthronement of good governance and adoption of relevant reforms in the state’s Public service and Public Financial Management System in line with international best practices among others.

Tags: News, Nigeria, Featured, 2013 Obi Budgets

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