Enugu State N1.62 Trillion Budget

Peter Mbah, the Governor of Nigeria — Enugu State, presented a record N1.62 trillion 2026 budget to the Nigeria — Lagos State House of Assembly, marking a 66.5% increase over the previous year. Dubbed the 'Budget of Renewed Momentum,' it allocates 80% to capital expenditure, focusing on transforming the state across various sectors. Key investments include N825.9 billion for the Economic Sector, N644.7 billion for the Social Sector, and N20 billion to clear inherited gratuities. The budget aims to construct 1,200 urban roads, expand Akanu Ibiam International Airport's fleet by 14 aircraft, build 20-hectare farm estates, and establish Smart Secondary Schools and TVET Colleges. Peter Mbah highlighted the state's projected Internally Generated Revenue to exceed N400 billion and FAAC inflows reaching N230 billion, attributing the revenue growth to Bola Tinubu's economic reforms in Nigeria, which have stabilized exchange rates and strengthened foreign reserves.