The Nasarawa State House of Assembly, yesterday passed the state’s 2018 appropriation bill of N125.4 billion into law by jacking up the budget by N2.6billion .
The Speaker of the House, RT. Hon. Ibrahim Balarabe Abdullahi, announced the passage of the bill during the House proceedings in Lafia, after the House majority leader, Alhaji Tanko Tunga (APC-Awe North) moved a motion for the passage of the bill into law.
Balarabe Abdullahi, urged the executive to ensure proper implementation of the budget and prompt release of funds to various ministries and agencies for speedy development of the state.
“The total amount approved is N125,419,687,484 billion comprising recurrent expenditure of N45,969,685,848 and capital expenditure of N72,826,002,000 billion, for the 2018 fiscal year.
“The House of Assembly has raised the state 2018 appropriation bill by
N2,598, 744,564 billion from N122,820,943,284 presented to the house by governor Tanko Al-Makura for consideration and approval.
“The total budget size of N125, 419,689,484 has been approved by the House to enable the executive initiate projects and policies that have direct bearing on the lives of the people of the state,” he said.
According to him, “The upward review in the budget was to take care of some vital areas of the 2018 budget to enable the state government provide the much needed dividend of democracy to the electorates.
Balarabe Abdullahi noted with satisfaction the overall performance of 2017 budget which is 52% for recurrent and 62% for capital
expenditure, adding that this was above average.
The Speaker urged the state government to intensify efforts and block all loopholes especially in the areas of revenue generation to achieve the desired objectives with regards to Internally Generated Revenue (IGR) in the state.
The majority leader moved a motion for the speedy passage of the bill to enable the state government deliver the much needed dividends of democracy to the people.
Tunga said the passage of the bill would also enable the government to complete various ongoing projects and embark on new projects for the development of the state.
The minority leader of the House,Peter Mbucho (PDP-Akwanga North), seconded the motion for speedy passage of the bill.
After listening to various contributions, the Speaker, Alhaji Ibrahim Abdullahi directed the clerk to produce a clean copy of the bill for the governor’s assent.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: firstname.lastname@example.org
The ads and sponsored contents on this page are true to the best of our knowledge. Leadership Group Limited is not liable for any liability regarding the use of this information. Contact: email@example.com
COVER STORIES10 hours ago
Untold Story Of PMB’s Refusal To Sign Electoral Amendment Bill
NEWS9 hours ago
Lawmaker Donates 100 Vehicles To PMB, Gov Bello’s Campaigns
NEWS10 hours ago
PDP’ll Win Presidential Election In 2019 –Saraki
NEWS11 hours ago
Why I Can’t Be Neutral Over Presidential Contest – Obasanjo
INTERVIEWS9 hours ago
My Fears For 2019 Polls – Oyegun
POLITICS17 hours ago
Apologize At Your Rallies, Rather Than Campaigning, APC Tells PDP
ISSUES7 hours ago
PDP Meeting Stalled Senate Consideration Of MTEF/FSP – Senate Leader
COVER STORIES19 hours ago
PMB Applauds Over $21bn Savings On Food Import, Promises Greater Strides