Executive Chairman of Aniocha North Local Government, Hon. Emma Bazim Chinye, has presented a draft budget estimate of N7,681,353,016.88 for the 2025 fiscal year.
The budget, tagged “Budget of Advancement for MORE GAINS,” allocates 38.37% of the Budget (N2,945,990,011.00) for capital expenditure and 61.63% (N4,735,363,005.88) for recurrent expenditures.
Hon. Chinye presented the draft estimate to the legislative arm of the local government on Tuesday, February 11, during a plenary session presided over by the Leader, Hon. Rafael Uzor. The budget will be funded through statutory allocations, state statutory transfers, and internally generated revenue.
The council boss explained that the budget deficit would be financed through borrowing and grants-in-aid. However, he noted that the ongoing tax reforms by the federal government promise to improve the local government’s fortunes, potentially reducing the budget deficit.
Hon. Chinye emphasized that the budget serves as a guide for implementing the local government’s financial plans, aligning with his administration’s roadmap for advancing infrastructure development, welfare, peace, and prosperity in the area.
The legislative arm adopted the draft estimate as a working document, with Majority Leader, Hon. Chinyera Blessing Nkebu moving the motion, seconded by Deputy Leader, Hon. Frank Iweke.
The Leader, Hon. Rafael Uzor commended Hon. Emma Chinye for his forthrightness in administering the local government, assuring that the house would work towards the expeditious passage of the draft estimate for the benefit of the people of Aniocha North.
With the Council Chairman at the Budget presentation included, the Vice Chairman, Hon Nneka Dibia, the Secretary to the Local Government, Hon. Kennedy Okoh, Supervisors of the Council, the Special Adviser to the Executive Chairman; Hon Ndubuisi Osemene and the Head of Personnel Management, Mr. Bartend Ojei amongst other principal officers of the Local Government.
