Governor David Umahi of Ebonyi State on Friday presented a budget of N178.1 billion for 2020 to the state House of Assembly.
The budget was lower than the 2019 figure of 188.4billion.
Mr Umahi while presenting the budget, tagged ‘budget of growth, consolidation and transformation, expressed appreciation to the House and other critical stakeholders who ensured the effective implementation of the 2019 budget.
The governor said the budget has a recurrent expenditure of N46.08 billion representing 25.8 per cent and capital expenditure of N132 billion representing 74.1 percent.
“The increase in the capital expenditure is due to the borrowing from the African Development Bank (ADB) for the construction of the state ring road.
“It is pertinent to state that the fund is still with the…