Mbah Presents Record of N1.26tn for 2026 Budget Estimates

‎
‎
‎Governor Peter Mbah of Enugu State on Tuesday, presented a record N1.62 trillion 2026 budget estimates to the Enugu State House of Assembly.
‎
‎Mbah said the administration was moving from laying foundation to scaling transformation across every sector.
‎
‎Southeastposts reports that the figure represents a 66.5 per cent increase over the N971 billion revised 2025 budget.
‎
‎Tagged Budget of Renewed Momentum, Governor Mbah said the budget comprised a Capital Expenditure of N1,296,092,465,000, representing 80 per cent of the total budget, while the Recurrent Component stood at N321,305,000,000, representing 20 per cent of the budget totaling N1,617,397,465,000.
‎
‎He added that the budget would be funded through a projected N870 billion Internally Generated Revenue, IGR, N387 billion would come from the Federal Account Allocation Committee, FAAC, while N329 billion is expected as Capital Receipts.
‎
‎Meanwhile, a sectoral breakdown of the budget shows that the Economic Sector would receive N825.9 billion, representing N51 per cent of the total budget, followed by the Social Sector (N644.7 billion), representing 40.1 per cent of the budget, while Administration Sector, Justice Sector and Regional Sector got N128 billion, N15.8 billion, and N2 billion, respectively.
‎
‎Speaking on the 2025 budget performance, Governor Mbah said the administration had so far spent about N806 billion.
‎
‎On revenues performance, the governor said “The money coming into Enugu State has grown in ways we have never seen before.”
‎
‎He appreciated President Bola Tinubu’s economic policies, saying it had revved up the FAAC allocations to Enugu State.
‎
‎“The removal of fuel subsidies, unification of foreign exchange rate and other fiscal measures have strengthened key macro indicators – inflation has declined and continues to trend downwardly, interest rates have eased, and the exchange rate has stabilised. And our foreign reserve has continued to be strengthened, and recently hit the $46 billion mark,” he said.