1 week ago
6 ARTICLE AD
The Nasarawa State House of Assembly has approved a supplementary budget of N156,687,479,388.94 for 2024, aimed at supporting ongoing projects across the state.
The Bill, titled A Bill for a Law to Issue Out of the Consolidated Revenue Fund of the State, was passed during a House session on Wednesday in Lafia, the state capital.
The Speaker of the House, Rt. Hon. Danladi Jatau announced the passage of the bill during the House proceedings on Wednesday in Lafia.
Jatau stated that the supplementary appropriation bill if signed into law by the State Governor, Abdullahi Sule, would empower the state government to complete ongoing projects.
While acknowledging that the executive arm of government had made significant achievements in revenue generation in the year under review, the Speaker directed the Clerk of the House to prepare a clean copy of the bill for the governor’s assent.
“The total size of the recurrent expenditure after adjustment stands at N150,310,075,773.14, whereas the total size of the capital expenditure will be N206,256,774,325.22.
“The total size of the budget for the year 2024 after adjustment is N356,566,850,098.36,” he stated.
Earlier, the Deputy Majority Leader of the House, Rt. Hon. Abel Yakubu Bala, moved a motion for the bill to scale through the third reading, which was seconded by the Minority Leader of the House, Hon. Luka Iliya Zhekaba.
The House then unanimously passed the bill.
In December 2023, the House approved a budget of N199.8 billion for the 2024 fiscal year.
With the supplementary appropriation bill now approved, the Nasarawa State Government’s 2024 budget totals N356.5 billion.
