Governor Okezie Ikpeazu has signed into law, the 2022 Abia State Government Appropriation bill of N147,282,196,200.
The budget has a capital expenditure profile of N79,779,887,500 while recurrent expenditure has an outlay of N67,502,318,700.
His assent to the bill followed the passage of the 2022 Appropriation Bill into law by the state House of Assembly after the presentation of its report by the Chairman, House Committee on Appropriation, Hon Kennedy Njoku, to make provision for the appropriation of the sum of N147,787,781,300.00 for the services of the Government of Abia State for the year ending 31st December 2022.
DAILY POST recalls that Ikpeazu had, on December 7, 2021, presented the 2022 budget to the state.
The 2021– 2023 budget titled Abia State Budget Proposals (Estimates) was presented to the 7th Abia State House of Assembly on Monday.
The Governor said the budget targets recovery of the state economy with a measurable growth path from the COVID-19 pandemic going forward adding that his administration would support local technologies and techniques.
However, Governor Ikpeazu, in a statement by his Chief Press Secretary, Onyebuchi Ememanka and made available to DAILY POST on Friday, in Umuahia, the state capital, on Friday, expressed his profound appreciation to the Speaker, Rt. Hon Chinedum Enyinnaya Orji, and members of the Abia State House of Assembly for their display of patriotism in the speedy review and passage of the bill.
The Abia Chief Executive reassured the leadership of the state Assembly and the people of the state that he will be relentless in the implementation of the budget for the peace, order and welfare of the people of the state.
He also tasked agencies of the state government with specific obligations in the budget to take their assignments very seriously.
Governor Ikpeazu particularly challenged revenue-earning agencies in the state to redouble their efforts and carry out their jobs with greater transparency and a deeper sense of patriotism.
With this, Abia has sustained the January to December budget cycle and the budget becomes effective, tomorrow January 1st, 2022.