Abia State Governor, Dr. Alex Otti has signed into law the 2024 Appropriation Bill of N567.2 billion, recently passed by the State House of Assembly, AbnTV reports.

Governor Otti, while signing the bill on Thursday, December 28, 2023, said the 2024 Budget would move Abia from its current level of underdevelopment to development, chief press secretary to the Governor, Kazie Uko [/b]said in a statement made available to AbnTV on Thursday.

[b]"I want to say that this is a budget that would take Abia State out of underdevelopment to development. The journey of a thousand miles starts with one step. This is the first step, once we get things right, and we know we will get them right, the next few years will be Uhuru for all our people, those living here and those who come from here and our friends," the Governor was quoted to have declared.

He noted that the budget ratio of 84% for capital expenditure and 16% for recurrent was not a mistake but a deliberate plan to accelerate the growth of Abia's economy within a short space of time.

"That we devoted 84% of the budget to capital expenditure is not an error. If you went through the details of the budget, you will find out that every kobo we intend to borrow will go into infrastructure or be mapped out to infrastructure. Our discussions are on and we believe that as we require the funding, we will get them," he affirmed.

The Governor maintained that every money borrowed to finance the budget would be channeled to capital expenditure, adding that the budget is expected to excite foreign and local investment, spur large-scale and medium businesses, secure the State, and prepare Abia for the next level of development.

Governor Otti commended the Speaker and members of the State House of Assembly for a great job done, which led to the expeditious passage of the bill.

Earlier, the Speaker of the House, Rt Hon. Emmanuel Emeruwa, who affirmed that 84% of the budget is for capital expenditure while 16% is for recurrent expenditure, said that the budget would touch the lives of Abia people positively.

According to him the aim of passing the budget before the 31st of December 2023 is to ensure that the 2024 Budget becomes operational from the 1st of January 2024.

Source: https://abntv.com.ng/news/gov-otti-signs-n567-2bn-2024-abia-budget-into-law/

Town criers are coming to wail.

Damnnn niggar

Always signing and signing

At the end nothing meaningful

Nothing concern me but E dey mind

Nice one.

Get Aba running on 24hrs electricity, translating to 24hrs manufacturing....the benefits are immense.

I hope he delivers

As long as his people are happy. The budget is controversial but we will keep our fingers crossed till he tells us how he will finance 2025 budget.

Dougood:
Is that not too much?

una talk say Ekiti own too small.

Wetin una want gan gan

All I will say is God will be your strength as you have started taking Abia State from stagnation to prosperity.

Our trust is in you, carry on.

Dougood:
Is that not too much?

Not too much because naira has lost so much value

This Man is actually transforming Abia State.

You just have to love our EASTERN brothers because they are highly innovative. The budget will be judiciously used to develop the state and create more wealth; but if it is our NORTHERN brothers .....








No be for my mouth, you want hear am

Hmmmm

Where will he get this amount of money from. Borrowing. Same borrowing LP supporters where criticising Buhari for. How can u borrow 90% of ur budget

Q

Ekiti signed 150 billion budget whereas Abia and Enugu both signed above 500 billion budgets.. yet still Igbos won't stay in their region, it's to be flocking into South West en masse they know, putting execess pressure on infrastructure and social amenities in Yorubaland.

Yoruba ronu.. our people better wisen up before we'll regret our stupidity we mistake for civility.

Dougood:
Is that not too much?

That's the argument but Otti is from the banking sector. He knows where to get his money from . The burden is on him to deliver

Now,Abians can see where their money 💰 dey enter.




Abia is free!💯

Finance man

I watched him explain his financing options for his project and I knew Abia State just voted a Governor since 1999

Havesomesense:
This Man is actually transforming Abia State.

to be honest

We will see what he will use it for

Budget my asx... they won't do nothing!

Otti lor...
This man is trying for the state
I believe the budget will be put to good use
He already hit the ground running
I have high expectations from him and believe that he will deliver
He's one of the governors doing exceedingly well

Well done

Abia : God's own state

This is The Only Living Governor,
The Rest Na Dead

When governors like Hope Uzodinma and Peter Mbah presented their bogus budgets, I kept wondering where they planned to borrow the money from. For Alex Otti and Charles Soludo, one may argue that they have connections with local banks and that could help them source the money.

Away from that, governors need to tell the people the % of the previous year's budget that was achieved before coming to present a fresh budget. Lagos is the one state that sometimes does this.

A real leader