Nasarawa State Assembly passes N90.17bn budget for 2019

Nasarawa State Assembly passes N90.17bn budget for 2019

by Joseph Anthony
124 views

The Nasarawa State House of Assembly has passed the 2019 appropriation bill of N90.17billion into law.


The Speaker of the House, Ibrahim Balarabe-Abdullahi on Wednesday, also disclosed that the House jerked up the budget by over N3billion due to the omission of Nasarawa Youth Empowerment Scheme (NAYES) sectoral allocation among others.

The Speaker also recommended that ongoing and new projects should be completed for the benefit of the people of the state.

โ€Today, the House approved and passed a total budget size of N90,170,246,463.52 billion only to be issued out from the Consolidated Revenue Fund of which N51.029,581,277.52 billion, which represents 57 percent, for Recurrent Expenditure and N31,966,994,046 billion, which represents 35 percent, is for Capital Expenditure

โ€œConsolidated Revenue Funds charges of N7,173,671,140billion is for Debt Servicing, Pension and Gratuity,โ€ he said.


Balarabe-Abdullahi urged the state government to intensify effort and block all leakages especially in the area of revenue generation to achieve the desired objective with regards to Internally Generated Revenue of the state.

The House also recommended the autonomy of the state Revenue Board to enhance their performance in generating more revenue.

The speaker also tasked the executive on strict implementation of the budgetary provisions if finally assented to into law.

You may also like

Leave a Comment

Chijos News is an independent online publication that provides readers with the latest breaking Nigerian news, world news, entertainment, sports, business, and many more.

@2024 – Chijosnews.com. All Rights Reserved.

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00