Governor Okezie Ikpeazu presents the Abia State 2022 Budget Estimate of =N=147, 787, 781, 300 (One Hundred and Forty Seven Billion, Seven Hundred and Eighty Seven Million, Seven Hundred and Eighty One Thousand, Three Hundred Naira Only.
This is 10.8% higher than that of last year.
The budget is made up a recurrent expenditure of =N=66, 830, 193, 200 (Sixty Six Billion, Eight Hundred and Thirty Million, One Hundred and Ninety Three Thousand, Two Hundred Naira Only, representing 45% of the budget.
The Capital Expenditure component is =N=80, 957, 588, 100 (Eighty Billion, Nine Hundred and Fifty Seven Million, Five Hundred and Eighty Eight Thousand, One Hundred Naira Only, representing 55% of the total budget.
More details to follow shortly.