The Nasarawa State House of Assembly on Thursday passed into law a revised 2020 budget of N62.96billion only.
Rt. Hon Ibrahim Balarabe Abdullahi, the Speaker of the House announced the passage after Hon Tanko Tunga, the Majority Leader of the House moved a motion for the passage of the bill into law and it was seconded by Hon Danladi Jatau, the Minority Leader of the House.
The speaker said that the passage of the budget into law tagged”Budget of Inclusive Development was due to the importance of budget to the development of the state.
” A bill for a law to amend the Nasarawa State 2020 appropriation bill of N62,968,348, 138.00 only for the services of Nasarawa State has passed third reading.
” This comprises N31,943,912,285.00.billion only as recurrent expenditure
while N26,465,632,374.00 billion only as Capital expenditure and the consolidated revenue fund charges is N4,558,803,479.00 billion,only,” he said.
Balarabe Abdullahi said that efforts should be intensified to improve the Internally Generated Revenue (IGR) to complement statutory allocation to the state.
The speaker commended the House Committee on Finance and Appropriation and other members for their commitments in ensuring that the bill sees the light of the day.
” I appreciate all of you for your commitment and for the passion you have for the people of the state,” he said.
The speaker directed the clerk of the House to produced a clean copy of the bill for the governor’s assent.
It would be recalled that on July 20, 2020, Gov. Abdullahi Sule of Nasarawa State, has transmitted a revised 2020 budget of N62.96billion only to the state house of assembly for consideration and approval due to the effects of coronavirus on the economy.
It would also be recalled that the governor had on Dec. 4, 2019.presented a 2020 budget proposal of N100.52 billion to the Assembly for consideration and approval.
Sule, who tagged it as “Budget of Inclusive Development”, said that it was anchored on his administration’s policy of transparency, accountability and prudence.
The state assembly subsequently passed the appropriation bill into law on Dec. 23, 2019 after raising it from N100.5 billion to N108.4 billion.
