By Daniel Gumm
WARRIâ€”THE Chairman of Warri South local government, Mr. Mofe Edema, has presented a budget estimate of N2,533, 745, 015.00 to the legislative arm of the council for ratification.
Making the presentation of the budget, christened: Budget of consolidation, to the legislative arm during its plenary session, Edema noted that it was the intention of his administration to consolidate on the gains of 2009.
The council boss declared that in spite of the financial meltdown of 2009, his administration made monumental strides, adding that of the 26 capital projects earmarked for 2009 fiscal year, only three, which are at advanced stages, have not been completed.
A breakdown of the 2010 draft estimate shows that over N260 million will come from internally generated revenue, an estimated N2.2 billion is being expected as statutory allocation, while a little over N50 million is being brought forward from the 2009 fiscal year.
Sectoral highlights of the 2010 estimate, which is 21 per cent higher than that of 2009, shows that over N219 million will take care of the economic sector, while social and administrative sectors will gulp N641,950,000.00 and N712, 483,330.00, respectively.
Further breakdown of the 2010 estimate reveals that N999,811,682.00 will go for recurrent expenditure, while capital expenditure is to gulp N1,623,933,330.00.
Leader of Warri South legislative arm, Mr. Sunday Aguweye, who received the draft estimate on behalf of the House, said the draft proposal would be given tidy and prompt passage.
Councillor representing Ode-Itsekiri Ward, Hon. Bawo Nanna, noted that in the course of working on the draft estimate, some Heads of Department might be invited to sort out possible grey areas.
The brief ceremony was witnessed by the Vice-Chairman of the local government, Hon. Charlie Etsaghara, Secretary to the local government, Mr. Auguistine Uroye, Sir Christopher Aghara, Director of Personnel Management and other executive members.