Igbawase Ukumba in Lafia
The Nasarawa State Governor, Mr. Abdullahi Sule, has presented a revised budget of N62.96 billion for the 2020 fiscal year to the state’s House of Assembly for approval.
The revision of the budget was brought about by the negative effects of COVID-19 pandemic disease on the economy.
Speaker of the State Assembly, Mr. Ibrahim Balarabe Abdullahi, announced the presentation of the revised budget yesterday during the assembly’s proceedings in Lafia.
“The revised budget, according to Abdullahi, was tagged “the Budget of Inclusive Development.”
He also announced that the assembly has expeditiously passed the 2020 Appropriation Amendment Bill of the sum N62.96 billion into first and second reading respectively in furtherance of the state’s legislator’s commitment to ensure the success of Sule’s administration.
The speaker said: “The accelerated passage was due to the importance of the budget to the development of the state as a result of COVID-19 pandemic ravaging the world.
“The recurrent expenditure is N31,943,912,285.00 while the capital expenditure is N26,465,632,374.00 and the consolidated revenue fund charges is N4,558,803,479.00,” he said.
The speaker also committed the revised budget to the House Committee on Finance and Appropriation for its necessary action and to report back to the assembly on July 22, 2020.