Sule Presents N156.6bn Supplementary Budget

Nasarawa State Governor Abdullahi Sule has submitted a Supplementary Appropriation Bill of N156.6bn for the 2024 fiscal year to the State House of Assembly for approval.

The Speaker, Mr. Danladi Atau, disclosed this during the proceedings on Tuesday in Lafia.

The letter by Governor Sule presenting the supplementary budget to the House reads, “The Speaker may wish to note that the 2024 Appropriations was made with the view of having a realistic and implementable outcome given the economic uncertainty. The State said with delight that there was an improved inflow from the Federation Accounts and Capital Receipts, predominantly the NG-CARES Program for Results, within the first three quarters of the fiscal year.

“To straighten the accounting records and to further incorporate the present Administration’s new plans in our infrastructural development across the State, it has become expedient for the Government to prepare a Supplementary Budget for the 2024 fiscal year to accommodate the new policies, projects and programmes.

“At the outset, the Government prepared the 2024 Budget of Renewed Commitment with the mindset of completing all ongoing and new projects that directly affect the people’s lives within the fiscal year. Due to the urgency demanded by these projects and programmes, budgetary provisions must be adjusted and reviewed to meet upcoming demands and challenges due to alterations in the macroeconomic variables in the country.

RELATED

NGE, SERAP Ask Court To Protect Niger Radio Station From Intimidation

2 hours ago

Raising Futures: Why Education Is the Best Gift You Can Give

3 hours ago

“Accordingly, I present to the Honourable House of Assembly the Appropriation Bill of the sum of One Hundred And Fifty-Six Billion, Six Hundred And Eighty-Seven Million, Four Hundred and Seventy-Nine Thousand, Three Hundred and Eighty-Eight Naira, Ninety-Four Kobo (N156,687,479,388.94) only 2024 Supplementary/ Amended Appropriation to the earlier approved sum of One Hundred And Ninety-Nine Billion, Eight Hundred And Seventy-Nine Million, Three Hundred And Seventy Thousand, Seven Hundred And Nine Naira, Forty-Three Kobo (N199,879,370,709.43) only.

“Making A Total Of Three Hundred And Fifty-Six Billion, Five Hundred And Sixty-Six Million, Eight Hundred And Fifty Thousand, Ninety-Eight Naira, Thirty-Six Kobo (N356,566,850,098.36) only for the services of Nasarawa State Government to complement for the period commencing from 1st January 2024 And Ending 31st December, 2024.”

He said the supplementary budget would enable the state government to provide the much-needed dividends of democracy to the state’s people.

Earlier, the Majority Leader of the House, Mr. Suleiman Yakubu Azara, moved for the bill to be first reading, which the Deputy Minority Leader, Hon. Onarigu Onah Kana, seconded.