Abia State Governor, Theodore Orji, has signed the state’s 2014 budget of N115.3 billion into law.
In December 2013, the governor proposed a
budget of N149.6 billion to the State House of Assembly for the 2014
fiscal year, however; the lawmakers reduced it, approving N115.3 billion
instead.
The budget is expected to accelerate the
completion of all on-going legacy projects in various sectors of the
Abia economy, expand the revenue base of the state, and also reposition
the state economy by fostering sustainable growth.
Among other projects, the budget will be
used for construction and renovation of schools, youth empowerment
programmes, provision of housing accommodation for public servants, and
the renovation of roads and security, Punch reports.
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