Deputy Speaker of the House of Representatives, Hon. Emeka Ihedioha
Onwuka Nzeshi in Abujaâ€¨
The Deputy Speaker of the House of Representatives, Hon. Emeka Ihedioha, has explained the rationale behind the early passage of the 2013 budget.
Ihedioha, who spoke at the weekend, said the passage of the budget before the end of the year was to ensure that budget implementation commences early in the new year for enhanced fiscal results.
Last Thursday’s passage of the national budget was the first time since democracy was restored in 1999 that the National Assembly would endorse an Appropriation Bill for the President’s assent before the end of the year.
Budget considerations usually spilled over to the first quarter of another year.
Ihedioha noted that the House pursued the early passage of the budget to guarantee that the executive would not have excuses towards ensuring early and comprehensive implementation of the budget.
He stated that early and complete implementation of the budget would not only engender development but also economic growth and wealth creation.
According to him, when contractors are not mobilised for project execution the tendency is for them to sack workers which impacts adversely on the labour market.
The Deputy Speaker disclosed that he ensured that in the 2013 budget there was enhanced Federal Government presence in Imo State.
He noted that he facilitated the inclusion of some strategic infrastructural development projects in Imo in the budget.
Among the projects he listed was the construction of Owerri-Elele Roadthat links Imo to oil-rich South-south.
He expressed desire to facilitate more development projects and promised to organise more skills acquisition programmes to ensure a reduction in the rate of unemployment and boost wealth creation in the state.