…Sets to pass N8.3b proposed adjustment bill into law.
Speaker, Nasarawa State House of Assembly, Rt. Hon Ibrahim Balarabe Abdullahi says that the proposed N8.3billion 2022 amended bill sent to the House by Gov. Abdullahi Sule would accelerate growth and development across the State, if passed by the House.
The Speaker stated this after the House deliberated and adopted the Report of the House Standing Committee on Finance and Appropriation on A Bill for a Law to Authorize the Issue Out of the Consolidated Revenue Fund of The State ( 2022 Amended Appropriation) of the sum of N110, 849, 945, 879.49 only for the Services of Nasarawa State Government to Complement for the Period Commencing from 1st January, 2022 and Ending 31st, December, 2022.
The Speaker said that the bill, if passed into law would not only promote development but would also improve on the standard of living of the people of the State.
Abdullahi said that the 2022 amended appropriation was necessary to adjust and re-align some items in the budget that have not been used or utilized owing to the inflow and outflow of incomes and expenditures.
” N8,367, 625,997.5k only is the total adjustment within the 2022 budget.
” I therefore slates today, Tuesday, November 8, 2022 for the third reading of the bill,” he said.
The Speaker appreciated the committee and other members for given adequate attention to the bill .
Earlier, Hon Aliyu Dogara Mohammed, the Chairman of the Committee while presenting the report appreciated the Speaker for his support to ensure that the adjusted budget report is presented within the shortest possible time.
” The proposed adjusted budget for the year 2022 was transmitted to this House by His Excellency, Gov. Abdullahi Sule and was committed to this committee to work on the bill and report back to the House, that is why we are submitting the bill today.
” N8, 367, 625,997.5k only was the total sum adjusted within the 2022 budget as shown below: Recurrent Expenditure- the below amount were added to these sub-head
” Personnel cost- N717, 707,382.12 and other recurrent cost-N7, 649, 918, 614.95 total N8, 367,625,996.24
” Capital Expenditure- N8, 367,625,996.24 were deducted and transfer to the recurrent expenditure
” Base on the above analysis, the total size of the recurrent expenditure after adjustment stand at N80, 288, 638, 455.50
” Whereas the total size of the capital expenditure will be N30, 561, 316, 423.87.
” Accordingly, the total budget size for 2022 before and after adjustment remains as passed by this Honourable House,” he said.
Hon Tanko Tunga, the Majority Leader of the House moved a motion for the adoption of the report which was seconded by Hon Mohammed Ibrahim Alkali, the Deputy Chief Whip of the House.
