Home Business Akwa Ibom Assembly passes 2020 appropriation bill

Akwa Ibom Assembly passes 2020 appropriation bill

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Governor Udom Emmanuel had on October 8, 2019, presented the bill with a total budget outlay of N597.800 billion for the 2020 financial year to the assembly.
It was subsequently referred to the House Committee on Finance and Appropriation for further scrutiny
Presenting the committee’s report, the Chairman, Uduak Odudoh, urged the House to pass a total of the revised 2020 budget of N597.735 billion, made up of N111.250 billion for Recurrent Expenditure, N369.577 billion for Capital Expenditure and N116. 934 billion for Consolidated Revenue Fund Charges.
The House, after dissolving into the Committee of Supply, considered the Recommendations of the Appropriations Committee and subsequently passed the 2020 budget of N597.735 billion after a third reading.
In his remarks, Speaker of the House, Aniekan Bassey, said the passage of the budget a month before the next financial year will enable the Governor to continue with his industrialisation plan and also consolidate on his past achievements.
He assured that the 7th Assembly will continually build a robust and impactful relationship with other arms of government to foster development and growth in the state.
The Speaker said with the passage of the Appropriation Bill, the House has practically given consent and expression to the executive arm, to go ahead with the implementation of the 2020 budgetary estimates and provisions.
He thanked the Chairman and Members of the Appropriations Committee for working assiduously to ensure that the 2020 budgetary estimates got into the front burner of scrutiny of all House committees necessitating its early passage. The House has adjourned its plenary to Tuesday, December 10, 2020.

Source: Read The Original Article On BusinessDay

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