The Governor of Ebonyi State, Chief David Umahi, on Friday, presented a total budget of N 178.136,634,975.38 billion to the state House of Assembly for the 2020 fiscal year.
The budget is tagged ‘BUDGET OF GROWTH, CONSOLIDATION AND TRANSFORMATION.’
The Governor explained that the budget has N132.056,117,985.3 as its capital expenditure, representing 74% of the total budget, whereas N46,080,516,990.04 is the recurrent expenditure, representing 25% of the total budget.
According to him “Spending on Capital budget has been prioritized in favour of critical on-going projects. A look at the budget proposal shows that Health, Education, Works, Security, Infrastructure, Agriculture and Human Capital Development and Commerce and Industry will be accorded priority in this 2020…