Soludo is seeking House of Assembly approval for a N100 billion loan.

…as the N169.6 revised budget is approved by the House.

Ibekimi Oriamaja Reports.

The governor of ANAMBRA State, Prof Chukwuma Soludo, has requested that the state House of Assembly approve a N100 billion loan.

The House also approved the state’s revised budget for 2022, which the governor presented last month.

In a letter to lawmakers, the governor stated that the loan facility would be used for the construction and renovation of critical infrastructure in the state.

At yesterday’s plenary, the speaker, Hon Uche Okafor, read the governor’s letter dated July 5, 2022.

According to the speaker, the governor was seeking approval from lawmakers to secure a N100 billion Global Limit Multiple Term Loan Facility for the projects listed.

The request was then referred to the House Committee on Public Accounts, which will report to the House on July 21,2022.

Meanwhile, the state’s N169.6 billion Revised Appropriation Bill for 2022 has been approved by the House.

The bill was passed after the House Finance and Appropriation Committee, chaired by Hon Obinna Emeneka, adopted its report during plenary.

The report was presented by Emeneka, who represents Anambra East Constituency, who stated that the revised budget included N108 billion in capital expenditure and N61.3 billion in recurrent expenditure.

“With the exception of minor adjustments in the allocation of some ministries, departments, and agencies, we recommend that the size of the 2022 revised budget be retained,” Emenaks said.

“N169,621,744,131 be approved for Anambra State government service for the fiscal year ending December 31, 2022, and for related purposes.”

“Following that, the committee recommends that projects and contractors be specified, and funds made available to MDAs to ensure effective budget performance.”

After commending the committee on its thorough examination of the budget, Okafor, the speaker, conducted a voice vote. Following that, the report was approved.

Mrs Esther Anaetoh, Acting Clerk of the House, was also directed by the speaker to send a copy of the bill to Governor Soludo for his signature.