Governor Theodore Orji of Abia State on Monday in Umuahia, the state capital, presented a budget of N149.6 billion for the 2014 fiscal year to the state House of Assembly for consideration.
Orji made the presentation of the “budget of legacy consolidation” during the assembly’s plenary session.
He said the budget was prepared in line with the International Public Sector Accounting Standard.
According to him, it focuses on the completion of ongoing projects and repositioning of Abia State economy on the path of sustainable growth.
The governor said that the ministries, departments and agencies of government would be made to implement the projects in compliance with the IPSAS system.
Orji said that the objective of the budget was to effectively channel available resources in the state to projects that would engender wealth and stimulate investment.
He said though the state looked up to accruals from the federation account, efforts would be made to boost internally generated revenue of the state.
The governor said that attention would be given to the construction and renovation of schools and the provision of housing accommodation for public servants.
He said that his administration would continue to prioritise security, complete all on-going projects and continue with its youth empowerment programmes.
Orji said the state would partner some reputable firms to ensure that farmers made fortunes from their farming endeavours.
Orji explained that the delay in the presentation of 2014 budget was to ensure that the estimate met the IPSAS standards.
He solicited the support of the lawmakers and other Abia State residents towards the successful implementation of the budget.
The Speaker of the assembly, Hon. Ude Okochukwu, assured that the lawmakers would be thorough in examining the budget.
Okochukwu also said that members would adequately monitor ministries, departments and agencies for effective implementation of the budget through their oversight functions.