Governor Alex Otti of Abia State has presented the 2024 state budget before the Abia State House of Assembly in Umuahia.
The budget, known as “A New Beginning,” is estimated at N567,240,095,972, with 84 per cent of the sum targeted at capital project expenditure and 16 per cent to be spent on recurrent expenditure.
In his address, while presenting the budget before the lawmakers, Governor Alex Otti said his administration’s ambitions had been constrained by limited resources but explained that it has been innovative enough in dealing with all the challenges.
Otti, who averred that the use of direct labour and core engineering staff has saved the state valuable resources, said that the 2024 budget will consolidate the modest gains of the 2023 budget cycle, especially during the last six months he has been in charge.
“Today’s budget presentation is, therefore, significant in many ways; first, it is the first full-year budget by our government,” he said.
Otti said that the budget he presented, when passed into appropriation, would target more road infrastructure, human capital development, healthcare and human services, social support initiatives, digitization of services, and education, among others.
He further promised to secure every part of the state as well as deepen development in all parts of the 17 local government areas.