Connect with us

General News

Sapele Council Unveils ₦13.07bn ‘Budget of Reassurance’ Focused on Infrastructure and Economic Relief

Published

on

Share

 

The Sapele Local Government has presented a proposed ₦13.07 billion budget for the 2026 fiscal year, aiming to stimulate economic relief and accelerate visible development across the council area. The proposal, delivered by Chairman Bright Abeke to the council’s Legislative Arm on Tuesday, represents a nearly 10% increase from the 2025 revised estimate of ₦11.77 billion.

Tagged the “Budget of Reassurance,” the plan prioritizes grassroots development and is structured to address the economic challenges faced by residents. A key feature is the focus on capital projects, with ₦7.00 billion earmarked for infrastructure, roads, healthcare, and community facilities surpassing the ₦6.39 billion allocated for recurrent expenditure.

Chairman Abeke stressed that increased investment in capital projects would not only improve public services but also stimulate local economic activity and deliver long-term benefits, particularly to underserved communities.

Funding for the budget is projected from federal statutory allocations of ₦5.12 billion, Value Added Tax (VAT) of ₦1.65 billion, internally generated revenue of ₦526.08 million, and additional state allocations and grants. Abeke expressed confidence that these sources, combined with disciplined fiscal management, would ensure successful implementation.

Reviewing 2025 achievements, the chairman highlighted completed projects including the construction of Okuovu Market, renovation of Oton Health Centre, installation of 13 electricity transformers across 11 wards, a two-storey school building, and improvements along the Sapele/Warri road corridor. The council also supported security agencies to maintain peace and stability.

The Legislative Arm formally adopted the 2026 budget after motions by Oyibu Efe and Christopher Ayomanor, with Presiding Officer Azu Samuel praising the proposal’s structure and committing to prompt legislative consideration.

See also  Tinubu Seeks Senate Approval to Borrow $5 Billion for Budget and Port Infrastructure

The budget outlines ₦2.89 billion for personnel costs, ₦2.58 billion for overheads, and ₦925 million for pensions and gratuities, reflecting the council’s commitment to staff welfare.

While the focus on capital projects has been widely welcomed, residents noted concerns about heavy reliance on federal allocations, emphasizing the need for effective execution to ensure tangible improvements in infrastructure and public services.

If successfully implemented, the “Budget of Reassurance” is expected to deliver meaningful development and economic relief for the people of Sapele.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *