Oborevwori presents the Delta assembly with a N714.4 billion appropriation bill for 2024

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On Wednesday, Delta State Governor Hon Sheriff Oborevwori presented a N714.4 billion allocation bill for the fiscal year 2024 to the State House of Assembly.

Governor Oborevwori stated that the budget, dubbed the ‘Budget of Hope and Optimism,’ included recurring expenditure of N316.6 billion (44%) and capital expenditure of N397.9 billion (56%) of the total budget.

He stated that the 2024 budget proposal, his first since taking office, aims to direct the economy toward sustainable growth, increase investments and productivity, make conducting business easier, and provide abundant chances for individuals to participate in the economy.

Governor Oborevwori also stated that the N150 billion provided in the budget for personnel anticipated a probable wage increase by the Federal Government in 2024, while the overhead cost followed the country’s inflationary trajectory.

“This administration will embark on the construction of more critical road infrastructure in the fiscal year 2024 because we are irrevocably committed to advancing urban-rural integration,” Oborevwori stated.

“We propose spending N150 billion on road infrastructure for the ministry of works in 2024; N46.55 billion on education, N18.65 billion on health, N7 billion on agriculture, and N7.5 billion on urban renewal.”

“The environment will consume N2.1 billion, while youth development will consume N1.7 billion.” These major sectors are critical to our 2024 budget.

“This administration’s governance style is focused, process-driven, and result-oriented.” The progress we have made in the last five months should give our people faith that the goals we have set for ourselves in this budget will be pursued with the same fervor and determination.

“Rest assured, this administration is determined to see our people through the hard times, doing all that we can to assist the poor and vulnerable.”

He urged lawmakers to enact the appropriation bill as soon as possible.

Earlier in his remarks, Rt. Hon Emomotimi Guwor, Speaker of the State House of Assembly, said the budget presentation was historic since it was the first budget presented by the governor, who was the immediate previous Speaker of the House.

Guwor stated that the House would ensure that the budget complies with the International Public Sector Accounting Standard, which aims to provide effective internal control and result-based financial management in the state’s public sector.

 

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