Okowa signs N267bn Appropriation Bill into law


Delta State Governor, Senator Ifeanyi Okowa (sitting); Speaker, State House of Assembly, Rt Hon Monday Igbuya (left); Clerk of the House, Mrs Lyna Ochulor (2nd left) and Commissioner for Finance Mr David Edevbie at the signing of the 2016 Appropriation Bill into law in Asaba.
Okafor Ofiebor/Port Harcourt
Senator Dr. Ifeanyi Okowa, Delta State Governor has signed an appropriation bill of N267 billion into law with an assurance that projected Internally Generated Revenue (IGR) would drive the implementation of the budget.
The Speaker of the Delta State House of Assembly, Rt. Hon. Monday Igbuya accompanied by the Deputy Speaker, Rt. Hon. Friday Osanebi, the Clerk of the House, Mrs Lyna Ochulor and other principal officers of the House of assembly presented the appropriation bill christened ‘Budget of Renewed Hope And Inclusive Development’ to the Governor for his assent at the Government House, Asaba Tuesday.
At the signing of the appropriation bill, Governor Okowa lauded the legislators for its speedy passage which would translate into massive infrastructure development of the state before the commencement of the rains.
“This budget that have been assented to in good time, gives us enough room to utilise the dry season in our infrastructure development plans and I must appreciate the Speaker and members of the Delta State House of Assembly for taking their time, during the festive season to truly work on the budget, ensuring that we had a very speedy passage of the budget,” he said, disclosing that “with the bill that was signed into law, we have appropriated N153 billion as recurrent expenditure and N114 billion for capital expenditure and by God’s grace, we hope to work very strongly to generate the revenue to implement the budget in full.
He added: “it is our hope that the Board of Internal Revenue (DBIR) would exceed the target of N75 billion …Read More

Source:: PM Newspaper