Ukwuani Council Boss Presents N1.1b 2015 Budget | Independent Newspapers Limited
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Ukwuani Council Boss Presents N1.1b 2015 Budget

Posted: May 7, 2015 at 4:32 am   /   by   /   comments (0)

By Sam Akadoro,  Sapele 

 

A budget of One billion, one hundred and eight million, two hundred
and thirteen thousand, forty naira (#1,108,213,040) for the year, 2015
has been presented to the Chairman of the Ukwuani Local Government Council, Mrs. Benedicta Ndudi
Osakunih-Izuegbu, has presented a budget of proposal of N1,108,213,040 to the legislative arm of the local government for the 2015 fiscal year.

Presenting the proposal termed, ‘Budget of Consolidation’, Osakunih-Izuegbu said the budget will affect the lives of the Ukwuani people as well as give the local government a multi-faceted face-lift
in 2015 and beyond.
In the draft estimate, the
total projected fund available is N1,091,337,235.

The total capital expenditure is N863,700,000.
In the breakdown of the 2015 draft estimate, the sectors with the highest funds allocated to them include roads (N303 million), private
sector growing (N137 million) and environment (N120 million).

Others are housing (N82 million), power (N46.5 million), agriculture
(N33.8 million), education (N31.8 million), health (N30 million), youth empowerment (N27.5 million); community development (Gender)
(N12.1 million), and information (N6 million)-and they all summed up to
N863.7 million.

According to the chairman, due to fall in revenue both from the
Federation Account and Internally Generated Revenue (IGR), the budget contains
a deficit of N16,875,805.

The council boss also noted that the 2015 budget is 21 per cent lower than that of 2014 due to the fall of oil prices and other
forces in the global market.

Meanwhile, Osakunih-Izuegbu has applauded the decorum in the Fifth Ukwuani
Legislative Chambers and called on the legislators to be more proactive in their decision making.

Earlier, in his address, the Leader of the House, Nmor Mike, appreciated the executive for coming to the floor of the House for the 2015 budget presentation.

He disclosed that the legislators desire
to work harmoniously with the executive to move the council forward.

He, however, expressed the dissatisfaction of the legislators
regarding the deplorable state of the legislative arm.

He therefore appealed to members of the executive arm to expedite action on whatever issue that is on ground and make the legislative arm comfortable for the councilors and the staff.