Niger Delta
A/Ibom Assembly Passes 2017 Budget
The Akwa Ibom State House of Assembly, last Thursday in Uyo, passed the 2017 Appropriation Bill of N371.29 billion into law as against the N423 billion in 2016.
The budget, as passed by the House, is an increase of N6 billion against the N365 billion presented by Governor Udom Emmanuel on December 22, 2016.
The budget is made up of N88. 42 billion for recurrent expenditure as against N201.997 billion for capital expenditure while N80. 87 billion is set aside as consolidated revenue charges.
In his presentation, Mr Usoroh Akpanusoh (PDP Esit Eket/Ibeno State Constituency) and House Committee Chairman on Finance and Appropriation urged the executive to implement the budget as passed.
Akpanusoh appealed to the government to ensure that the amount appropriated was promptly released to the ministries departments and agencies (MDAs) as well as ensuring judicious use of the funds.
He advised the MDAs to submit the level of budget implementation on release of funds to the House through the various committees on a quarterly basis.
The committee chairman commended the governor for adopting a transparent and detailed accounting system in preparing the budget.
The Speaker, Mr Onofiok Luke, commended the House Committee on Finance and Appropriation for ensuring prompt passage of the appropriation estimate into law.
He applauded the state government for prudent management of resources and for provision of infrastructure in the state.
Luke explained that, the N6 billion increase was necessitated by MDAs during their budget defence and the need to enhance rehabilitation of schools as well as improvement on health facilities.
The speaker urged the executive arm to make the budget available to the public after the governor’s assent.
He directed the Clerk of the House, Mrs Mandu Umoren, to forward the appropriation law to the governor for assent.
Report has it that the 2017 budget is christened, “Budget of Consolidation”, with the policy framework for the year is aimed at expanding the economic activities in the state as well as promoting the industrialisation policy of government.
The budget also focused on promotion of trade, commerce and tourism.
Niger Delta
Edo CP Vows Justice For Slain NSCDC Operatives
Niger Delta
Police Nab Suspected Illicit Drugs Dealer In Delta
Niger Delta
C’River Assembly extends Bekwarra LG Chairman’s Suspension By 3 Months
-
Maritime2 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime2 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime2 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime2 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime2 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics2 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports2 days ago
Bournemouth, Newcastle Share Points
-
Sports2 days ago
Iwobi Stars As Fulham Overcome Brentford