Home Business Gov. Uduaghan presents N327.6bn budget for 2015 fiscal year

Gov. Uduaghan presents N327.6bn budget for 2015 fiscal year


ASABA – Gov. Emmanuel Uduaghan of Delta on Wednesday presented a budget of N327.6 billion for the 2015 fiscal year to the state House of Assembly.
The budget is made up of N161.6 billion for Recurrent Expenditure and N166 billion for Capital Expenditure.
The proposal showed a decrease of N123 billion when compared to 2013 approved budget of N450.7 billion for 2014.
Uduaghan said that the 2015 budget was driven by the successes recorded in various sectors of the economy of the state in the last seven years.
He said that the budget was aimed at consolidating the achievements of 2014 budget as well as completing all on-going projects and programmes.
“This would facilitate the fulfillment of the administration’s goals of making the state one of the most industrialised and developed states in Nigeria by 2020.”
The governor noted that priority would be given to the completion of on-going projects in the areas of rural and urban road network and infrastructure.
Another priority area is the security of life and property which according to him, includes logistics support for law enforcement, healthcare and education.
“Other focal areas are transportation, rural and urban electrification, the environment, agriculture, youths and sports, culture and tourism,’’ he said.
He said that the main sources of funds for the 2015 budget were internally generated revenue, statutory allocation, Value Added Tax (VAT) and other capital receipts.
Uduaghan assured that his administration was determined to finish strong.
“In this regard, it is gladdening to underscore that Delta State provides viable investment environment given its comparative advantages as a leading producer of oil and gas.
“The state is also strategically located and accessible to other parts of Nigeria by any means of transportation.
“ Furthermore, government has invested heavily in security to create a safe and secure environment and we have a breed of young, educated and active population.
“We strive to deliver on the provision of critical infrastructure which this administration has set out to establish to support investors and improve business environment in our vision of Delta Beyond Oil,’’ he said. (NAN)

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