Governor Charles Soludo of Anambra, yesterday, presented a N410 billion 2024 budget to the state House of Assembly for approval.

Speaking at the ceremony, Soludo said the budget tagged, “Changing Gears: The transformation agenda begins”, was aimed at commencing the transformation agenda and implementing a new master plan to build a liveable and prosperous homeland.

He said the budget was made up of N313.9 billion capital expenditure, representing 77 per cent and N 96.2 billion recurrent expenditure, representing 23.46 per cent.

The governor also said the budget had a deficit of N120 billion expected to be funded through a facility from financial institutions.

He said: “We recorded an estimated 66 per cent budget performance in 2023 and today Anambra is ranked number one among the 17 southern states on ease of doing business and number two with lowest impact mortality rate.

“Internally Generated Revenue remains a fundamental challenge. In the 2023 budget, we expected a monthly revenue of about N4 billion, so far, we are averaging N2billion.