The Ebonyi State House of Assembly has approved a budget of N444.98 billion for the 2025 fiscal year, initially proposed by Governor Francis Nwifuru.
The appropriation bill, titled “Budget of Economic and Social Development,” was passed after a detailed review by the House Committee on Appropriation and Finance at the state legislative complex. According to a statement by the Assembly’s Public Relations Officer, Sylvester Egede, the bill underwent a thorough examination by the Committee of the Whole, where errors in syntax and structure were corrected.
In his remarks, the Speaker of the Assembly, Moses Odunwa, praised the committee for their diligence, commitment, and timely completion of the review. He highlighted the Seventh State Assembly’s focus on improving the welfare of Ebonyi residents and supporting Governor Nwifuru’s administration. The Speaker expressed confidence that the budget would drive significant development across the state.
Kingsley Ikoro, the committee chairman and Leader of the House, explained that ministries, departments, agencies, and parastatals were consulted to ensure a thorough scrutiny of the budget. He commended stakeholders for their excellent contributions, which facilitated a swift and efficient review process. Ikoro emphasized that global standards for financial reporting were applied to align with best practices.
He further noted that the 2025 budget focuses on advancing Ebonyi’s development agenda through industrialisation, boosting internally generated revenue, and addressing the People’s Charter of Needs. The budget is structured into three main categories: personnel, overhead, and capital expenditure.