Skip to main content

Okowa Presents N298.078 Billion 2018 Budget To House Of Assembly ; Dennis Otu

Image may contain: 1 person, standing Image may contain: one or more people, people sitting and indoorImage may contain: one or more people and people on stageImage may contain: 2 people, people sitting and suitImage may contain: one or more people, people sitting and indoor

Okowa Presents N298.078 Billion 2018 Budget To House Of Assembly
DELTA State Governor, Senator Dr Ifeanyi Okowa has presented a budget estimate of N298.078 Billion for the 2018 fiscal year to the State House of Assembly, assuring of his administration’s commitment to “build a State anchored on inclusive economic growth and sustainable development.”
Governor Okowa who was accompanied by top aides, disclosed that the “amount comprises the sum of N147.5bn or 49.48 per cent for recurrent expenditure, and N150.5 or 50.52 per cent for capital expenditure.”
While presenting a review of the 2017 budget performance from January to September, Governor Okowa said the expenditure profile “shows that the total sum of N127.0 Billion was spent; out of which, the sum of N104.2 Bilion was incurred on recurrent items, as against a proportionate approved budget of N118.5 Billion, representing a budget performance of 87.97 per cent.”
“The 2018 budget proposal shows an increase of N3.62 Billion or 1.21 per cent, compared to the 2017 approved budget of N294.4Billion,” the Governor said, adding that it was expected that the sum of N71.3 Billion would be generated internally (IGR), Statutory allocation including Mineral Revenue Derivable - N178.1 Billion, Value Added Tax – N10.7 Billion, other capital receipts – N37.8 Billion totalling N298.0878 Billion to finance the projected budget for 2018 fiscal year.
From the budget proposal, road infrastructure will gulp the greater chunk of the money as Governor Okowa asserted, “in line with our growth aspirations, the sum of N49.3 Billion is earmarked in the proposed 2018 budget to sustain the current momentum in road infrastructure, including drains,” followed by the Delta State Oil Producing Areas Development Commission (DESOPADEC) which will take N28 Billion from the presented budget for the 2018 fiscal year.
Earlier, the Speaker of the Delta State House of Assembly, Rt. Hon. Sheriff Oborovweri who presided at the plenary attended by the legislators and former Speakers of the legislature called for a motion to admit the Governor and his aides into the chamber.
The Deputy Speaker of the Delta State House of Assembly, Rt. Hon. Friday Osanebi moved the vote of thanks and commended Governor Okowa for his steadfastness in budget execution, reiterating that the Governor presented the 2017 Appropriation Bill which passed through due process before it was signed into law and the Governor as a law abiding citizen implemented the budget despite the economic situation of the country.

Comments

Popular posts from this blog

USHERS & SERVERS WANTED AT AFROCLIP! Stand a chance to earn 25k-50k daily for Ushering!!

USHERS & SERVERS WANTED AT AFROCLIP! Stand a chance to earn 25k-50k daily for Ushering!!
Join AfroClip to become our event staff and stand the chance to work in our next event to earn N25,000 to N50,000 daily pay-out plus other rewards!!!
Visit https://afroclip.com/apply-usher/
Ushers & Servers needed for The 2-days Women Empowerment Conference (WEC) 2017 event scheduled to hold in
**LOCATION** : Lagos, Abuja, Akwa-Ibom, Edo, Imo, Cross Rivers, Jos and Kwara
**DATE** : Wednesday 19th to Friday 21st of July 2017
**REWARD/
PAYMENT** : N25,000 or N37,500 or N50,000 daily payment depending on your category plus other take-home mouth watering gifts.
All you need to do is visit https://afroclip.com/apply-usher/ now to get more information and submit your application on or before 11.59pm on Thursday 13th of July 2017 OR send your
*-NAME
*-PHONE NUMBER
*-LOCATION
*-THREE QUALITY PHOTOS OF YOU
*-SHORT STORY ABOUT YOU to afroclipushers@gmail.com
All screened and selected applicants s…

David Ibiyeomie was at the Welcome Ceremony of NYSC BATCH A STREAM 2, 2017 Ogoni, Rivers State, Nigeria.

PAPA was at the Welcome Ceremony of NYSC BATCH A STREAM 2, 2017 CORPERS. At NYSC Camp Ogoni, Rivers State, Nigeria.
 When a great man steps in the atmosphere changes.

55 THINGS YOU NEED TO KNOW ABOUT DAVID IBIYEOMIE.

55 THINGS YOU NEED TO KNOW ABOUT DAVID IBIYEOMIE.
#The 38, 47and 50 Will interest you.
1. God called him to establish His kingdom here on earth.
2. David Ibiyeomie did not travel outside Nigeria for 9 solid years cos of unbroken focus.
3. David Ibiyeomie was the first to be host and preach in a major crusade programme in Rivers state without attaching another preacher's face from outside.
4. He is the husband of Peace Ibiyeomie.
5. He started 14 church branches in one day with all running 5services.
6. He gave the solution to the then Niger delta crisis involving militancy, that brought absolute peace, during His Excellency , Musa Yaradua's regime.
7. His dancing steps is 2nd to none. You need to see him dance.
8. His smiles gives you total peace.
9.His love for youth/students is exceptional and out if this world.
10. He is so loved by his mentor Bishop David Oyedepo.
11. He believes in proper staff welfare and management.
12. He has built a Home for the Eld…