Delta State governor, Sheriff Oborevwori, has assented to the state’s 2024 Appropriation Bill of N724.979 billion.
The approved budget is made up of N317 billion recurrent expenditure while the sum of N408 billion is for capital expenditure.
While signing the budget tagged “Budget of Hope and Optimism” yesterday in Asaba, Governor Oborevwori said the 2024 budget is geared towards putting the economy of the state on the path of sustainable growth.
He remarked that the budget would boost both domestic and direct foreign investments and productivity and enhance the ease of doing business in the state.
He underscored the significance of the budget, adding that “the law provides a veritable foundation for the sustainable delivery of our social and economic pact – the MORE Agenda to the good people of Delta State.’’
“I am happy to welcome you to this budget signing. I am happy because this time last year I stood here to present the 2023 budget for assent as Speaker, but by the grace of God I am sitting here as Governor of Delta to assent to the bill.
“We have allocated 44 percent and 56 percent of the budget to recurrent and capital expenditure amounting to N724.979billion total budget size.
“The budget is very key to the developmental programme of the state and the budget we signed today is less by 12 percent compared to that of 2023,’’ he said.
Presenting the Appropriation Bill, the speaker of the Assembly, Hon Emomotimi Guwor, said the bill was presented to the House on November 29, 2023 and passed it on December 14 after passing through all legislative processes.
Guwor said the budget as passed by the House aligned with the state’s policy direction of fiscal discipline, sustainable growth, investment and productivity, transparency, accountability, and efficient and effective service delivery.
He added that the report of the Finance and Appropriation Committee on the Appropriation Bill, 2024 encapsulated consensus view points of the MDAs and the Standing Committees of the House.
