GOVERNOR ALEX OTTI ABIA STATE SIGNS INTO LAW N750,282,200.00 ONLY FOR THE 2025 FISCAL YEAR 27-12-24
By Sadiq Aminu Governor Alex Otti of Abia state has signed into law Seven Hundred and Fifty Billion, Two Hundred and Eighty-Two Million, Two Hundred Thousand Naira only for the 2025 fiscal year.
Assenting to the 2025 appropriation bill passed by the State House of Assembly, Governor Otti commended the Law makers for giving the bill an accelerated hearing and passage.
According to him, the budget will motivate his government to continue to deliver on his campaign promises and maintained that the budget is a budget of sustained momentum.
He explained that his desire for infrastructural development is demonstrated in the budget stressing that he dedicated about 82 percent to capital expenditure while 18 percent is on recurrent expenditure.
Governor Otti noted that irrespective of the challenges of higher wages occasioned by the implementation of the new national minimum wage and regular payment of pensions, all other roads that have been awarded among other projects including hospitals and schools would be concluded in next year.
Earlier, the speaker, Abia State House of Assembly, Chief Emmanuel Emeruwa who described the budget as a very aggressive one assured the Governor that the Law makers would continue to work with the executive arm of the government to ensure that the state progresses in infrastructural and human capital development.