Peter Mbah Presents Record N1.62 Trillion ‘Budget of Renewed Momentum’ to Accelerate Enugu’s Transformation
Enugu State Governor Peter Mbah has unveiled a landmark N1.62 trillion budget for 2026, marking a 66.5% increase from the revised 2025 budget. Tagged the “Budget of Renewed Momentum,” it allocates 80% (N1.29 trillion) to capital projects and 20% (N321 billion) to recurrent spending.
The economic sector receives the largest share—N825.9 billion (51%)—to fund major infrastructure projects, including 1,200 urban roads, rural road networks, completion of key dual carriageways, expansion of Enugu Air’s fleet to 20 aircraft, and new transport terminals.
The social sector gets N644.7 billion, with education taking 32.27%, supporting Smart Secondary Schools, TVET colleges, and expansion of the state’s Smart Green Schools initiative.
The budget will be funded through N870 billion IGR, N387 billion federal allocation, and N329 billion capital receipts.
Mbah praised President Tinubu’s economic reforms for boosting Enugu’s revenue, noting that IGR is expected to exceed N400 billion, the highest in the state’s history, while FAAC allocation surpassed projections by over 50%.
He also earmarked funds for gratuity payments, security surveillance expansion, healthcare, and ongoing city development projects.
#PeterMbah #EnuguState #EnuguBudget2026 #BudgetOfRenewedMomentum #NigeriaEconomy #InfrastructureDevelopment #SmartSchools #EnuguAir #TinubuReforms #IGR #FAAC #GideonArinze #BreakingNews #NigeriaPolitics
Enugu State Governor Peter Mbah has unveiled a landmark N1.62 trillion budget for 2026, marking a 66.5% increase from the revised 2025 budget. Tagged the “Budget of Renewed Momentum,” it allocates 80% (N1.29 trillion) to capital projects and 20% (N321 billion) to recurrent spending.
The economic sector receives the largest share—N825.9 billion (51%)—to fund major infrastructure projects, including 1,200 urban roads, rural road networks, completion of key dual carriageways, expansion of Enugu Air’s fleet to 20 aircraft, and new transport terminals.
The social sector gets N644.7 billion, with education taking 32.27%, supporting Smart Secondary Schools, TVET colleges, and expansion of the state’s Smart Green Schools initiative.
The budget will be funded through N870 billion IGR, N387 billion federal allocation, and N329 billion capital receipts.
Mbah praised President Tinubu’s economic reforms for boosting Enugu’s revenue, noting that IGR is expected to exceed N400 billion, the highest in the state’s history, while FAAC allocation surpassed projections by over 50%.
He also earmarked funds for gratuity payments, security surveillance expansion, healthcare, and ongoing city development projects.
#PeterMbah #EnuguState #EnuguBudget2026 #BudgetOfRenewedMomentum #NigeriaEconomy #InfrastructureDevelopment #SmartSchools #EnuguAir #TinubuReforms #IGR #FAAC #GideonArinze #BreakingNews #NigeriaPolitics
Peter Mbah Presents Record N1.62 Trillion ‘Budget of Renewed Momentum’ to Accelerate Enugu’s Transformation
Enugu State Governor Peter Mbah has unveiled a landmark N1.62 trillion budget for 2026, marking a 66.5% increase from the revised 2025 budget. Tagged the “Budget of Renewed Momentum,” it allocates 80% (N1.29 trillion) to capital projects and 20% (N321 billion) to recurrent spending.
The economic sector receives the largest share—N825.9 billion (51%)—to fund major infrastructure projects, including 1,200 urban roads, rural road networks, completion of key dual carriageways, expansion of Enugu Air’s fleet to 20 aircraft, and new transport terminals.
The social sector gets N644.7 billion, with education taking 32.27%, supporting Smart Secondary Schools, TVET colleges, and expansion of the state’s Smart Green Schools initiative.
The budget will be funded through N870 billion IGR, N387 billion federal allocation, and N329 billion capital receipts.
Mbah praised President Tinubu’s economic reforms for boosting Enugu’s revenue, noting that IGR is expected to exceed N400 billion, the highest in the state’s history, while FAAC allocation surpassed projections by over 50%.
He also earmarked funds for gratuity payments, security surveillance expansion, healthcare, and ongoing city development projects.
#PeterMbah #EnuguState #EnuguBudget2026 #BudgetOfRenewedMomentum #NigeriaEconomy #InfrastructureDevelopment #SmartSchools #EnuguAir #TinubuReforms #IGR #FAAC #GideonArinze #BreakingNews #NigeriaPolitics
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