Precious Oham
The Ekiti State House of Assembly Thursday passed into Law the state appropriation bill of N113.6billion for the 2023 fiscal year.
The 2023 appropriation bill, which is broken down to N79.5billion, representing 70% capital estimate and N34.1billion, representing 30% recurrent expenditure, was presented to the lawmakers by Governor Biodun Oyebanji on November 2, 2022.
The passage follows the presentation of the report of the House Committee on Finance and Appropriation that scrutinized the budget estimates.
Presenting the report, the Chairman of the House Committee on Finance and Appropriation, Hon Lateef Akanle, said Ministries, Departments and Agencies appeared before various Committees of the House to defend their estimates.
He further stated that the budget tagged, “Budget of Strong Beginning” covers all areas of the present administration agenda, and if implemented to the letter, will improve economic well-being of Ekiti residents.
The Appropriation Committee Chairman said that his Committee observed that the budget was tailored among others things such as improving the agricultural sector, medium scale enterprises for teeming youths and improving the internally generated revenue of the state to reduce dependency on Federal Allocations.
The Speaker of the House, Rt.Hon Olubunmi Adelugba, who presided at the plenary, commended the Committee on Appropriation and other Committees who took turn to scrutinised the appropriation bill for a job well done.
Rt Hon Adelugba tasked managements of Ministries, Departments and Agencies (MDAs) to adhere strictly to budgetary provisions to enhance development of the state.
The House thereafter adjourn plenary till 30 January 2023.
