…as Capital Expenditures Top The Budget List.
The Onuimo Legislative Council, on Friday, 24th January 2025, received a total budget outlay of five billion, one hundred and sixty-five million, five hundred and seventy-six thousand, four hundred and thirty-seven Naira (N5, 0165,576,437) for the 2025 fiscal year from the Executive Chairman, Hon. Dr. Emeka Obi.
The motion to usher in the executive chairman into the hallowed chamber for the budget presentation was moved by the majority leader and councillor representing Umuna ward, Hon. Okoroike Sunnyken. After which the leader of the council, Rt Hon Ifeanyi Andy Maduako, in his special address, welcomed the executive chairman and his encouragement, which included the deputy chairman, Hon Kelechi Ibegbu, Secretary to the Local Government, supervisors, heads of departments, and the entire staff of the council, into the chamber.
The budget, which was christened “Budget of New Beginning,” was read for the first time by the Chairman of Onuimo Local Government Area, Hon Chief Dr. Emeka Obi.
The breakdown of budgetary outlay has recurrent expenditure at one billion, four hundred and twenty-five million, one hundred forty thousand, fifteen nairas (N1,042,514,015), while capital expenditure is pegged at three billion, nine hundred and seventy-four million, six hundred and twenty-four thousand, twenty-two Naira (N3,974,062,422).
The Chairman, however, lamented the paltry sum of internally generated revenue of the LGA, whose budgetary projection is one hundred and thirty-seven million, six hundred and seven thousand, four hundred and seventy-eight Naira (N137,607,478). Stating that the budgeting would be dependent on federal allocation and state subventions, he decried that the advent of insecurity in the past in Onuimo LGA drastically reduced its internally generated revenue prospects. However, I assure you that this year will witness an upward improvement.
He enjoined the house to continue to be good partners in progress and see to the timely approval of the budget.
The leader of the legislature, Rt Hon Andy Maduako, and the entire councillors, who took turns to speak, commended the chairman on the detailed presentation. The leader assured the executive of the Legislative Council’s readiness to commit the budget through the required legislative processes and approval for the development of the Onuimo Local Government Area and her people.
The budget was directed to the House Committee on Finance, Budgeting, and Appropriation to carry out their duty on the budget as required by the leader of the Council.
Media Information Unit,
Onuimo Legislative Council
