Abia State Governor, Dr Okezie Ikpeazu, has signed the 2021 Appropriation Bill into law.
The Bill which was passed by Abia State House of Assembly during the Tuesday plenary of the House was presented to the Governor by the Clerk of the House, Sir John Pedro Irokansi in his Aba Lodge Tuesday night where he endorsed the N131,852,752,000.00 (One Hundred and Thirty One Billion, Eight Hundred and Fifty Two Million, Seven Hundred and Fifty Two Thousand Naira Only) Budget made up of N69bn for capital expenditure and N62.8bn for recurrent expenditure.
Recall that Governor Ikpeazu presented the christened Budget of Local Contents and Sustainable Development to the state House of Assembly on the 7th of December, 2020.
The budget, which is 21.12 per cent higher than 2020 appropriation, comprised N62,624,512,000.00 recurrent expenditure and N69,191,240,000 capital expenditure.
Ikpeazu explained that the budget was inspired by the quest to reinvent the Abia spirit of industry and ingenuity and stimulate industrialisation through the establishment of Cottage Industries in the 17 council areas of the state.
It would also help to rejig agencies of government to ensure they become more productive, coordinate effective delivery of services to Abia people, and interpret the vision of delivering multi-sectoral growth across the state.