Ebonyi State Governor Francis Nwifuru has unveiled a landmark $604 million budget proposal for the 2026 fiscal year. A major highlight of the budget is the planned construction of a new state-owned cement factory.
He dedicated more than 84 % of the spending plan to infrastructure and economic development. According to the governor, the unprecedented rise from previous annual budgets averaging about $60 million to the new $604 million proposal was enabled by increased fiscal space following the removal of fuel subsidy at the federal level.
Geological evaluations are ongoing to identify the most viable location with adequate limestone deposits.
