Tuesday, 12 April 2016

Kogi Assembly passes N99.9bn Appropriation Bill 2016

Kogi House of Assembly on Tuesday passed N99.9 billion as the State’s Appropriation Bill for 2016 and called on the executive to ensure its proper implementation.

The budget is N25.00 billion higher than the N74.99 billion proposals presented to it by the executive arm of government.

The passage followed the third and final readings of the bill after clause-by-clause consideration under the chairmanship of Speaker Umar Imam at plenary session in Lokoja.

Estimated recurrent revenue was put at N63.12 billion, while the expected capital receipts were put at N36.87 billion.

The recurrent expenditure summary showed that salaries and allowances are expected to gulp N42.45 billion with overhead cost standing at N15.83 billion.

Mr John Abah (PDP-Ibaji), Chairman of Committee on Finance, Appropriation and Budget Monitoring presented the committee’s report on the appropriation bill.

He said legislation on the bill was premised on principles of effective allocation of scarce resources to identified critical programmes and projects.

According to Abah, they include completion of ongoing projects and addition of new ones in critical areas of need and expansion of the state’s revenue base through Internally Generated Revenues.

Others are enhancement of greater transparency and proper accountability in public expenditure management, creation of environment conducive for investors and donor agencies to operate; and reduction of domestic debt profile of the state.

Speaker Imam charged members to be alive to their oversight legislative functions in ensuring that the budget was strictly adhered to.

Friday Sani (PDP-Igalamela-Odolu), said the passage of the bill would ginger Gov. Yahaya Bello to deliver dividends of democracy to the people and urged legislators to properly monitor the budget.