The Special Adviser to the Governor on Investment, Dr. Jonathan R. Obuebite says Bayelsa 2021 Budget of Growth is a well thought out economic plan, as it will attract more investment to the state.
Governor Douye Diri on Thursday presented an Appropriation Bill of N290.3bn to the House of Assembly with Ministry of Works and Infrastructure having a lion share of N34b and Ministry of Education, N24b.
Dr. Obuebite, in a statement said the budget plan fall in line with the global standard economic plan, as all the indices of growth were taking into consideration.
He stated that the huge amount voted for Infrastructure is aimed at providing enabling environment for local and foreign investors to come in and partner with the State Government.
Dr. Obuebite submitted that the economy of the state would be well driven with active participation of the private sector, adding that globally, government is not known to be good managers of businesses.
According to him, the policy thrust of the Prosperity Administration is a Private sector driven economy and the budgetary plan was based on this policy so as to create wealth for the citizenry.
He added that the N34bn voted for Infrastructure would be channeled towards putting in place necessary infrastructure that would be of an added advantage to investors.
His words; Budgetary allocation in economic term is just a projection which can only be achieved through a well thought out plan and the active participation of the private sector to stimulate our local economy, through Small and Medium Enterprises(SME’s) as well as other means of generating income to the coffers of the state.
Dr. Obuebite added all these economic indices are embedded in the Appropriation bill.
He, therefore, called for active participation of the people at ensuring a successful implementation of the budget.