The Kogi House of Assembly on Wednesday passed into law, the state’s 2024 N258.2 billion Appropriation Bill into law.
The News Agency of Nigeria (NAN) reports that the passage of the budget followed adoption of the report of the House Standing Committee on Appropriation, Budget Monitoring and Economic Planning during plenary.
The Governor, Alhaji Yahaya Bello, had on Dec. 11, presented N258.2 billion as Kogi state’s 2024 appropriation bill for approval by the assembly.
The budget was higher by N60.67 billion compared to N197.59 billion Revised Approved Budget of 2023.
It had N145.73 billion as Recurrent Expenditure and a Capital Expenditure of N112.54 billion.
Bello, while presenting the bill , said the budget, tagged: “2024 Budget of Consolidation and Continuity for Inclusive Growth”, was geared toward consolidating on the gains of 2023 fiscal year.
The House Committee on Supply, at the clause by clause consideration of the appropriation bill, okayed the governor’s request as per the allocations.
The Speaker, Alhaji Umar Yusuf, said the bill had in it authorised N145.73 billion as recurrent expenditure and an authorised Capital Expenditure of N112.54 billion.
“The budget, which has shown the various allocation of funds to Ministries, Departments and Agencies (MDAs) will take effect from Jan. 1, 2024.
“As speaker of the house, I wish to commend you, my dedicated and hardworking colleagues for job well done at scrutinising our governor’s appropriation bill and passing it into law today, Dec. 20, ” he said. (NAN)
