November 14, 2024
By Idris Buba
Delta state Governor, Sheriff Oborevwori, on Thursday presented a budget appropriation of N936 billion for 2025 fiscal year to the State House of Assembly.
While presenting the budget proposal, he Christened, ”Budget of Fiscal Consolidation” during plenary, Oborevwori, said that the budget was made of NN348.7 billion, representing 37.25 % of the budget for Recurrent Expenditure and the sum of N587 billion representing 62.75 per cent of the budget as Capital Expenditure.
”The 2025 budget is N211 billion more than the 2024 approved sum of N725 billion, indicating an increase of 29 per cent.
According to the governor, ”The increase was largely because of the realignment of the exchange rate, which resulted in higher Federal Allocation Account Committee (FAAC) allocations and associated revenues.
”This is in addition to a corresponding improvement in our Internally Generated Revenues in the year.”
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He, said that the state government would focus on continued provision of physical infrastructure, human capital development, job creation, wealth creation, and poverty reduction in our dear state.
“The state government intends to achieve these through prudent management of our resources and prioritizing expenditures on health, education, agriculture, water resources, environment, housing as well as women and youth empowerment programmes.
“In 2025, we propose to spend N230 billion on road Infrastructure; N67.42 billion on Education; Health will gulp N30.55 billion; Water Resources N11.03 billion and Agriculture, N7 billion, ” he said.
Oborevwori appealed to the State House of Assembly for the speedy passage of the appropriation bill.
In his remarks, the Speaker, Delta house of Assembly, Mr Dennis Guwor, commanded the initiative of Gov. Oborevwori and noted that the state had witnessed unprecedented development since his assumption of office as governor.
He also commended the governor for continuing and completing inherited projects from previous administration.
The speaker urged all Ministries, Departments and Agencies (MDAs) of government to cooperate with the Committees of the House during the budget defence sessions to ensure seamless consideration and timely passage of the budget
Consequently, the Majority Leader, Mr Emeka Nwaobi moved a motion for the House to receive the appropriation bill and it was seconded by Mrs Marilyn Okowa-Daramola, PDP-Ika North East.
