REPORTER: BEN ILECHUKWU
The Anambra State Commissioner for Budget and Economic Planning, Miss Chiamaka Nnake, has reiterated the present administration’s resolve to create a robust business innovation hubs and to train 1,000 youths in Information and Communication Technology, ICT.
The Commissioner stated this while giving a breakdown of the 2022 revised budget estimate presented by Governor Charles Soludo last Thursday to the State legislature.
The Commissioner explained that the increased budget size allocated to youth to 2.4 billion naira was aimed at commencing the programme on creation of 1,000 millionaire youths per annum in apprenticeship and training.
She explained that the ICT budget, which increased by 700% to 1.3 billion, is to commence the ICT business hub innovation and training of 1,000 youths.
The Commissioner observed that the budget revised size of 170 billion as against the existing appropriation of 142 billion naira was to enable government meet the yearnings of the people, especially in the area of infrastructure.
Miss Nnake, while noting that the recurrent expenditure accounts for about 36% of the budget size, explained that the 0.79% increase is due to some personnel cost for the salary of teachers and health workers who are currently being recruited.
The Commissioner pointed out that the capital expenditure, which accounts for 64% of the budget is targeted at delivering infrastructure that the average citizen can feel, see or use.
Miss Nnake said that the budget would be funded 24% from internally Generated Revenue, 36% from federal allocation and 40% loan.
She further revealed that the state government plans to reform and digitize revenue collection, hence the budget of 1.2 billion naira for that purpose.
According to the Commissioner, four billion naira is budgeted for continuation of work on airport while two billion naira is earmarked for the construction of a new government house and lodge.