Enugu: Reason Emerges as LG Chairman Presents N5.5bn Budget for 2025
- An Enugu local government chairman, Hon. Obiora Obeagu, has presented a budget of N5.5 billion for the 2025 fiscal year to the council's legislature
- Obeagu, the chairman of Isi-Uzo LGA in Enugu state, said the budget aligned with Governor Peter Mbah's vision to exponentially grow the state's economy from $4.4 billion to $30 billion
- The N5.5 billion budget represented an increase from the N4.153 billion budget for the 2024 fiscal year
CHECK OUT: Education is Your Right! Don’t Let Social Norms Hold You Back. Learn Online with LEGIT. Enroll Now!
The council chairman of Isi-Uzo in Enugu state, Hon. Obiora Obeagu, has proposed a budget of N5.5 billion for the 2025 fiscal year.
The proposal, tagged "Budget of Economic Growth and Transformation," represented an increase from the N4.153 billion budget for 2024.
According to Obeagu, the proposed budget aligned with Governor Peter Mbah's vision to exponentially grow the state's economy from $4.4 billion to $30 billion through private sector investment and boosting productivity in rural areas.
Source: Twitter
According to Daily Trust, he stated that the proposed budget is designed to implement the Council's 2025-2026 Rolling Plan, focusing on increasing food production to ensure food security, creating employment opportunities, and achieving other developmental objectives.
Expectation of Enugu's council chair's N5.5bn budget
Obeagu assured that his proposal would have a positive impact on the lives of residents in Isi-Uzo and contribute to the overall growth of Enugu state. He also described the proposal as a significant step towards achieving the state's economic objectives.
By increasing investment in key sectors such as agriculture, infrastructure, and human capital development, the government aims to create a more favourable business environment and improve citizens' standard of living.
The budget proposal has been submitted to the legislative council of the local government area for consideration. Once approved, it is expected to guide the council's expenditures and development initiatives for the 2025 fiscal year. The successful implementation of this budget will depend on the collaborative efforts of stakeholders, including government officials, community leaders, and private sector investors.
Enugu governor announces N80k minimum wage
Legit.ng earlier reported that Peter Mbah, the state governor, announced the approval of an N80,000 minimum wage for workers in the state.
Mbah became the first southeast governor to announce more than N70,000 as the new minimum wage in his state.
Kenneth Ugwu, the head of the service and chairman of the new minimum wage implementation committee, announced the development at the end of the meeting on Thursday, October 24.
Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.
PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!
Source: Legit.ng
