The Anambra State Commissioner for Budget and Economic Planning, Mr. Mark Okoye has said that the state would be the first in the country to pay the new minimum wage anytime issues sorrounding it are sorted out
Okoye stated this on Sunday at a press conference held at the Exco Chamber of the Government House, Awka, during the breakdown of the 2020 budget, which includes N22.8bn as personnel cost for 2020 fiscal year.
According to the commissioner, the proposal was to accommodate increase in workers’ wage that would be resulting from the new minimum wage.
He said the state would also employ new workers in 2020 to replace those who retired.
He stated: “This figure accommodates new and important hired hands into the civil service, such as the replacement of retired teachers, promotions and projected salary increment in line with new minimum wage.
“We provided for N16bn in domestic debt financing. This comprises single digit concessionary programme lending for interventions in agriculture, manufacturing and youth entrepreneurship.
“Internally generated revenue is projected at N30bn (N2.5bn monthly) for 2020 as a result of comprehensive reforms instituted in the state.”
Okoye added that another N13bn was budgeted for social benefits such as pension, gratuities and group social life insurance.
It would be recalled that Governor Willie Obiano, had Thursday last week presented a budget of N137.1 billion before the state House of Assembly, with 57 percent dedicated to capital projects and 43 percent as recurrent expenditure.
Join the conversation
INVESTIGATION: Inside UNILAG’s multi-million naira budgetary abuse and academic discord
The University of Lagos located in Nigeria’s commercial capital, Lagos, has been embroiled in controversies with allegations bothering on misappropriation of...
SPECIAL REPORT: Displaced residents of Zamfara battle hunger, as underfunding derails Nigeria’s nutrition goals
On paper, Muhammad Zayyanu is seven years old. The quiet boy who looks shorter for his age could not recollect...
INVESTIGATION: N7.3bn paid for unnamed projects; how Nigerian govt spent N2.2trn in six months
Analysing nearly 3,000 payments made by various Federal Government Ministries, Departments and Agencies (MDAs) over the previous six months (January...
INVESTIGATION… Delay rocks Nigerian govt’s promise of N30,000 covid-19 relief for artisans, others
Before the outbreak of the COVID-19 pandemic in February, 2020, Chukwudi Okoroigwe’s daily earnings as a bus driver was hardly enough to cater to the...
INVESTIGATION… Ten years after, communities count losses as AfDB, Cross River govt abandon road project
Ten years after the Cross River State government and African Development Bank (AFDB) jointly awarded the Yahe-Wanokom-Wanikade-Benue border road for...