NewStats: 3,262,397 , 8,177,023 topics. Date: Monday, 02 June 2025 at 07:10 AM 472z4s

Written by Leadership News Reading Time: 2 mins read

Governor Peter Mbah has signed a N521.5bn Enugu State 2024 Budget into Law, saying it would engender disruptive economic growth, radical infrastructural development, and efficient service delivery.

Mbah, who said that the Enugu State 2024 Appropriation Law, consisting of N414.3bn Capital Expenditure, representing 79 per cent of the budget, and N107.2 billion, representing 21 per cent of the budget, would rely heavily on Internally Generated Revenue (IGR) charged of the executive arm of government on robust revenue mobilisation and service delivery.


Speaking during the budget g, which was witnessed by of the Enugu State House of Assembly, led by the Speaker, Hon. Uchenna Ugwu, as well as Commissioners and other top government functionaries at the Government House, Enugu on Wednesday, Mbah thanked of the state legislature for their across party lines.

He said that the expeditious age of the budget was a product of executive-legislature collaboration during the making of the budget estimates, and listed the multiple gains expected from the 2024 budget.

“What this budget g means to the people of Enugu is that we are going to be spending over N400bn on capital projects in the next year. This is the first time in the history of the state that we are spending that size of funds on capital projects because we are spending 20 times more than what has been typically our Capital Expenditure outlay in Enugu State.

“We called this the ‘Budget of Disruptive Economic Growth’ based on the size of our Capital Expenditure. It also means that we are going to have large economic activities in Enugu State. You can imagine an economy that is typically used to doing N20bn Capital Expenditure now going to witness over N400bn Capital Expenditure. It is going to be monumental in the ways our people are lifted out of poverty and in the ways economic activities will blossom.

Good one, I your initiative/plans towards developing Enugu State.

Development is all we need in South East.

Good

May it benefit all.

Hope there will be no looting

hmm

Until we make public positions unattractive, we will continue to have useless leaders.
This is the main reason this thing knelt down to beg in the church, not because he is ionate about the people.

Sign and squander my guy, it is your turn

hmm Why is Enugy budget bigger than Anambra whereas the laters revenue is much more than enugu

521 b...wetin? Are these governors on kolos?

Please don't plunge Enugu into a debt it cannot pay back!

21% of the budget will come from IGR.

Eastern governors should do better.

On the bright side, I like that a significant fraction is for capital expenditure.

Well, I don't like Peter MBA shaaa, but he can make me like him by addressing infrastructure deficit in Enugu state that gburu couldn't.

Na so dem dey sign billions every year, no koko

LogicallySXT:
Written by Leadership News Reading Time: 2 mins read

what else is he to do if not sign into law 🙄

Igbo amaka

No more excuse



But don't kill us with taxes

Nice one

It's not only gs. Let there be productivity.

Enugu has a bigger budget than Anambra.

How?

I don't know where the current set of governors got this new energy of borrowing hundreds of billions.

Nice one

Mbah is a better choice for Enugu!

Mbah will do better than that fat man who was busy selling off enugu lands to highest bider but make mbah easy with taxes

And Anambra people will be bragging as if their state is the most developed in the south east. Despite that Enugu used to be the capital of the defunct eastern region, and Anambra state was created from Enugu, yet they will be under rating the state.
Meanwhile Enugu state is richer and can generate more revenue than Anambra. While Anambra is presenting 410 billion, Enugu is presenting over 500 billion budgets.

Where is he going to to get the money
Maybe he plans to borrow

Good. Let's hope it will benefit people of the state.
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