Orji proposes N80.2b Abia 2011 budget estimates to the legislature
Thursday, 23 December 2010 00:00 From Gordi Udeajah, Umuahia Business Services – Business News
ABIA State Governor, Theodore Orji, on Monday, presented the state’s 2011 budget estimates/appropriation bill totalling N80.24 billion to the House of Assembly for consideration and passage in to law.
The budget tagged: “Budget of Liberation”, is higher than that of 2010 by six per cent and tailored towards encouraging growth and development of the state’s economy through public private partnership, wealth creation and poverty reduction.
This, the governor said, is to be achieved through entrepreneurship development and sustenance of conducive environment to encourage local and foreign investors.
Orji, who stated that at the end of the third quarter of 2010, N46.9 billion had been spent out of the N75.3 billion budget, said this year’s appropriation bill, is programmed for the economic development and enhancing the socio-economic well being of the people.
He added that the budget is also focused on the creation of new Aba City that will serve as the commercial and industrial masterpiece of the nation, sustenance of security efforts in the state, boosting agricultural production and provision of enabling environment for investment.
Responding to the budget presentation, the Speaker, Agwu U. Agwu, enjoined those involved in the implementation to be diligent, pledging that the state lawmakers will attend to the bill promptly.