news
Cover

Gov Emmanuel Allocates N267,557bn To Dev Economic Sector

Gov. Udom Emmanuel has allocated a lion share of the 2021 budget proposal to the economic sector policy implementation at a whooping N267,557 billion representing 61.4 percent of the total budget size. 


 Emmanuel made the presentation of the total budget size of N435,652 billion to the speaker of the State House of Assembly, Mr Aniekan Bassey, watched by the state deputy governor, Mr Moses Ekpo, at the State House of Assembly, Udo Udoma Avenue, Uyo, yesterday. 

 The governor indicated that the economic sector was followed by the administrative sector with N100, 018 billion being 23.0 percent, social sector N57, 423 billion being 13.2 percent, law and justice 9, 419 billion at 2.1 percent while regional sector carts N1, 235 billion at 0.3 percent. 

 He emphasized that the policy thrust of the 2021 budget would focus on key pillars of the Completion Agenda to ensure rapid industrialization by opening up new areas of growth and development through intense and coordinated efforts of increasing internally generated revenues and be less dependent on Federal government allocations.

 Emmanuel remarked that, in the year 2021 budget, the economic sector development would continue to receive critical attention through industrial and infrastructural renaissance with heavy investments on land, air and sea structures, adding that his administration has achieved a lot in the area of road infrastructures from the economically viable dualized roads constructed throughout the three senatorial districts. 

 The governor noted that the strategy for the development of industries was to create employment and wealth opportunities for people, especially through the over 20 industries attracted to the state, hoping, "As the world opens up post Covid-19, we'll accelerate our pace in this area and continue to attract viable industries that would help with our strategic and sustainable developmental plans. We remain committed to the realization of our plans on "Power for All" by 2021." 

 The state chief executive stated that in the air infrastructure, the Ibom Air has become the pride of the nation, while his administration was working hard to ensure that the Ibom Deep Seaport project was a reality, emphasizing that in the social sector, education would be given a pride of place for children to compete with their peers and distilled to apply science and technology for job and wealth creations. 

 Emmanuel remarked that the 2021 budget would offer opportunities for civil servants to be exposed through rigorous training and retraining on current trends in public administration, maintaining, "We desire to have an agile and efficient public service to help drive our Completion Agenda" in as much as "We'll intensify our investments in healthcare delivery by completing among other key elements, the construction and commissioning of the General Hospitals in Ikot Abasi and Ikot Ekpene, respectively, while we'll remain proactive in ensuring that we reduce the incidence of communicable diseases". He stated that his administra

You can share this post!

Related Posts

0 Comments

    No Comment Posted

Leave Comments