December 21, (THEWILL) – Delta State governor, Sheriff Oborevwori, has signed the 2024 Appropriation Bill of N724,979,313,867 into law.
This is coming after the budget was approved and passed by the Delta State House of Assembly.
Tagged: “Budget of Hope and Optimism”, the appropriation is made up of N316,624,462,711 recurrent expenditure and N408,354,851,156 capital expenditure.
While assenting to the appropriation bill on Wednesday, in Asaba, Governor Oborevwori said the 2024 budget is geared towards putting the economy of the state on the path of sustainable growth.
Oborevwori, who said the budget would boost both domestic and direct foreign investments, productivity and ease of doing business in the state, noted that “the law provides a veritable foundation for the sustainable delivery of our social and economic pact – the MORE Agenda to the good people of Delta State.
“I am happy to welcome you to this budget signing. I am happy because this time last year I stood here to present the 2023 budget for assent as Speaker, but by the grace of God I am sitting here as Governor of Delta to assent to the bill.
“We have allocated 44% and 56% of the budget to recurrent and capital expenditure amounting to N724,979,313,867 billion total budget size.
“The budget is very key to the developmental programme of the state and the budget we signed today is less by 12 percent compared to that of 2023.”
Earlier, while presenting the Appropriation Bill, Speaker of the Delta State House of Assembly, Emomotimi Guwor, said the Bill was presented to the House on November 29 and passed on December 14 after a thorough legislative scrutiny.
Guwor said the Budget as passed by the House aligned with the state’s policy direction of fiscal discipline, sustainable growth, investment and productivity, transparency, accountability, efficient and effective service delivery.
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