Okowa Presents N367bn Budget Proposal
Okowa Presents N367bn Budget Proposal – Delta State Governor, 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.
The budget projected N209, 999,054,198, 57.21 for capital expenditure while N157, 096,029,253, 42.79 percent was earmarked for recurrent expenditure.
The 2019 proposal had an increment of N59 billion from the 2018 Budget which was N308,888,558,898 (three hundred and eight billion, eight hundred and eighty-eight million, five hundred and fifty-eight thousand, eight hundred and ninety-eight naira).
Presenting the budget to the Delta State House of Assembly presided by Speaker, Hon. Sheriff Oborevwori, Okowa disclosed that the projected 2019 budget titled: “Budget of sustainable growth,” would enable his administration to consolidate on the successes and achievements.
Itemizing some of the achievements, Okowa said: “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.
“We shall build on this stable growth to position Delta State as a dynamic economy for the future; indeed, a Stronger Delta beckons.”
The News Agency of Nigeria (NAN) report that road construction and education are to gulp 29 percent of the budget, with roads getting N79.6 billion while the Education Sector would gulp the sum of N26.8 billion.