Friday, 20 October 2017

Governor Ifeanyi Okowa Presents N298.078 Billion 2018 Budget




   

    Delta State Governor, Dr Ifeanyi Okowa has presented a budget estimate of N298.078 Billion  for the 2018 fiscal year to the State House of Assembly, assuring of his administration’s commitment to “build a State anchored on inclusive economic growth and sustainable development.”

    Governor Okowa who was accompanied by top aides, disclosed that the “amount comprises the sum of N147.5bn or 49.48 per cent for recurrent expenditure, and N150.5 or 50.52 per cent for capital expenditure.”


   While presenting a review of the 2017 budget performance from January to September, Governor Okowa said the expenditure profile “shows that the total sum of N127.0 Billion was spent; out of which, the sum of N104.2 Billion was incurred on recurrent items, as against a proportionate approved budget of N118.5 Billion, representing a budget performance of 87.97 per cent.”

    The Deputy Speaker of the Delta State House of Assembly, Rt. Hon. Friday Osanebi moved the vote of thanks and commended Governor Okowa for his steadfastness in budget execution.

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