By correspondent in Lokoja.
The Kogi State House of Assembly, on Wednesday, passed the 2024 Appropriation Bill of over N258.7 billion.
The passage followed the adoption of the report of the House Standing Committee on Appropriation Budget Monitoring abd Economic Planning.
At the clause by clause consideration by the Committee on Supply, the Speaker, Aliyu Umar Yusuf, said the bill had in its authorized recurrent expenditure of over N145.7b while the authorized capital expenditure stood at over one hundred and twelve point five billion naira.
He said the bill,which had shown the allocation of funds to each Ministries, Departments and Agencies,would take effect from January 1, 2024 and end December 31, 2024.
The Reporters recalls that Governor Yahaya Bello presented the budget to the State House of Assembly on December 11, 2023 at the renovated Assembly complex.
Bello explained that the budget, the last by his administration, was geared towards consolidating on the gains of the 2023 fiscal year.
The budget, tagged, “2024 Budget of Consolidation and Continuity for Inclusive Growth”, is slightly higher by N60,678,826,427.00, compared to the 2023 revised budget, representing a 30.71% increase.
CNN/The Reporters.
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