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Delta Assembly raises 2025 fiscal year budget to N979 billion

By Monday Osayande, Asaba
26 November 2024   |   5:43 pm
Citing the need for increased infrastructural development in the State, the Delta State House of Assembly has jerked up the 2025 budget proposal of N936 billion to N 979 billion earlier presented by the State Governor, Sheriff Oborevwori by 7.3 per cent. This increase therefore amounted to 7.3 percent, for the 2025 fiscal year against…

Citing the need for increased infrastructural development in the State, the Delta State House of Assembly has jerked up the 2025 budget proposal of N936 billion to N 979 billion earlier presented by the State Governor, Sheriff Oborevwori by 7.3 per cent.

This increase therefore amounted to 7.3 percent, for the 2025 fiscal year against the initial N936 Billion presented to the House for consideration and approval

For now the approved capital budget for the 2025 fiscal year stands at N630.5 Billion as against the initial sum of N587.3 Billion earlier presented by the State Governor.

On the recurrent expenditure, the lawmakers approved the sum of N348.76 Billion as against the initial sum of N348.71 Billion, representing an increased recurrent expenditure of N50 Million.

This approval was as a result of the recommendation raised at yesterday Plenary by the House committee on Finance and appropriation in a report presented by its Chairman and member representing Ika North-East State Constituency, Hon Marylyn Okowa-Daramola.

Rising from its Committee of Supply presided over by the Speaker, Rt. Hon. Emomotimi Guwor where the lawmakers examined the Money Bill Clause by Clause, the House unanimously adopted the recommendation of the Finance and appropriation committee

Following the adoption of the committee report, the bill was read the third time and passed without further delay.

Motion for the passage of the money bill was moved by the majority leader of the House, Hon. Emeka Nwaobi and seconded by the Minority leader, Hon. Edafe Emakpor.

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