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Delta: Okowa presents N367.09 billion budget proposal for 2019 fiscal year

By News Express on 17/10/2018

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Delta State Governor, Senator Dr Ifeanyi Okowa, on Wednesday presented a budget proposal of N367,095,083,451 to the State House of Assembly for the 2019 fiscal year.

According to the governor, capital expenditure in the projected budget will gulp the sum of N209,999,054,198 which is 57.21% while the sum of N157, 096,029,253 or 42.79% of the budget would be spent on recurrent expenditure.

It would be recalled that the year 2018 had as its total budget size, N308,888,558,898, comprising N147,273,989,898 recurrent expenditure, and capital expenditure of N161,614,569,000.

Presenting the budget at a well-attended session of the Delta State House of Assembly which had the Speaker, Rt. Hon. Sheriff Oborevwori presiding, Governor Okowa disclosed that the projected 2019 budget christened, “Budget of sustainable growth,” would enable his administration consolidate on the successes and achievements of his administration.

“Despite the fluctuating fortunes of the economy in the last three-and-half years, I humbly note that our State has continued to forge ahead; workers are paid regularly, thousands of previously unemployed youths are gainfully employed, and many of our people now enjoy better facilities in terms of roads, water, education and health. Agriculture has received a strong boost with many cluster farms springing up in different parts of the state and, even more importantly, our people remain committed to peace and harmonious living,” he said.

He asserted: “We shall build on this stable growth to position Delta State as a dynamic economy for the future; indeed, a Stronger Delta beckons.”

Road Infrastructure took the greatest chunk of the budgetary proposal with sum of N79.6 billion while the Education Sector would gulp the sum of N26.8 billion.

•Photo by Jibuonr Samuel shows Governor Ifeanyi Okowa (3rd right); Delta State Deputy Governor, Barr. Kingsley Otuaro (2nd left); Speaker, Delta State House of Assembly, Rt. Hon. Sheriff Oborevwori (3rd left); Deputy Speaker, Delta State House of Assembly, Rt. Hon. Friday Osanebi (2nd right); Commissioner for Finance, Olorogun David Edevbie (left); and Hon. Tim Owhefere, during the Presentation of the 2019 Budget Estimates to the Delta State House of Assembly, in Asaba.

 

Source News Express

Posted 17/10/2018 7:21:48 PM

 

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