Economy
THE Delta House of Assembly on Tuesday passed the Appropriation Bill of N979.2 billion for 2025 fiscal year for assent.
The budget passed at plenary, was sequel to a report by the Chairman, House Committee on Finance and Appropriation, Mrs Marilyn Okowa-Daramola.
Presenting the committee’s report, Okowa-Daramola noted that out of the amount, N348.7 billion was for Recurrent Expenditure, while the N630.4 billion was for Capital Expenditure.
She said that the amount showed an increase of N43.2 billion compared to N936 billion Gov. Sheriff Oborevwori earlier presented to the Assembly.
”The committee also recommended that the Capital Expenditure estimate of N587.3 billion be amended to read N630.4 billion.
“This represents an increase of N43.1 billion or 7.34 per cent increase over the proposed Capital Expenditure budget.”
Okowa-Daramola added that the committee recommended that the total amended budget size would now be N979.2 billion from the N936 billion presented by the governor.
She also recommended that the 2025 Appropriation bill should be monitored for effective implementation.
The committee chairman said that the 2025 budget was presented in line with global best practices.
According to her, the budgetary estimates reflect the goals of the ‘MORE Agenda’s of the state governor.
The report of the committee was unanimously adopted at the Committee of Supply, Chaired by the Speaker, Mr Dennis Guwor.
Consequently, the Majority Leader of the Assembly, Mr Emeka Nwaobi, moved a motion for the third reading and passage of the bill.
The Minority Leader, Mr Edafe Emakpor (APC-Uvwie) seconded the motion when put to a voice vote by the Speaker.
The Speaker commended the lawmakers for their commitments to the early passage of the appropriation bill. (NAN)(
26th November, 2024.
C.E
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