Rivers
Etche LG Budgets N3.7bn For 2014
The Chairman of Etche
Local Government Area of Rivers State, Barr Reginald Ukwuoma, has presented a budget estimates of N3.7 billion for the 2014 fiscal year.
Presenting the budget christened “Budget of Hope”, to the legislative arm of the council at Okehi, last Thursday, the chairman said the budget would strengthen the local government administration and also impact positively on the lives of the people.
Ukwuoma said the essence of the budget was to enable the council administration continue with the provision of its obligations to the people as well as provide a financial footing for the incoming local government administration and the area.
Giving the breakdown of the appropriation bill, the LG boss said the recureort expenditure would gulp N1.869.42 billion while the capital expenditure had N1.877, 179.57k adding that the recurrent expenditure represents 50.1%, while the capital expenditure represents the 50% of the total budget.
He thanked the councilors for their cooperation and support to his administration noting that the success recorded by the present leadership in the council was a function of the unity and peaceful co-existence that characterized the legislative arm and the executive since the inception of the 7th Assembly and urged them to continue to work in unity especially at this last lap of their tenure.
The council boss announced the immediate payment of their severance gratituity package to the councilors adding that the executive arm would continue to work in a harmonious relationship with the legislative arm to make life more meaningful to the people of the area.
He urged the councilors to give the bill accelerated hearing with a view to passing it in record time adding that he will be handicapped to pay staff salaries and other entitlements of workers if the budget was not approved.
Responding, the leader of the Etche Legislative Arm, Rt Hon Henry Nwekwe commended the council boss for his pragmatic leadership in the area adding that his administration had lived up to expectation.
He assured to council boss of the readiness of the legislative arm give the bill the needed attention it deserve and state that the 2014 appropriation bill would be passed on time after the councilors have carried out the expected legislative oversight on the proposed estimate.
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