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Sylva signs 2010 budget

By Samuel Oyadongha

Yenagoa—Bayelsa State governor, Chief Timipre Sylva, yesterday signed into law the state 2010 appropriation bill of N187.557bn recently passed by the House of Assembly. The governor also signed the 2009 Electricity Board bill into law.

Speaking at the brief ceremony held in Yenagoa, Chief Sylva assured that the critical areas of the economy would witness a lot of improvement.

In the budget breakdown, the sum of N119.45bn is earmarked for recurrent expenditures while capital projects would gulp N68.1bn.

Signing the budget into law, Governor Sylva, said the present administration remained focused to the development of new infrastructure in the state to the benefit of the people.

According to him, the executive arm would be mindful of the responsibility to ensure full implementation.

“This year, we are very mindful of what happened last year concerning the economic down turn. This year, we will be able to implement the budget as passed by the House of Assembly.

“The responsibility of the executive is to implement the budget. We are fully aware of this and as you have charged us, we will make sure that we stay on the straight and narrow path as far as the 2010 appropriation law is concerned,” Sylva assured.

The governor further explained that the major part of last year was used to restore peace and order in the state, through which new investments would now come into the state.

He acknowledged the existing cordial relationship among the three tiers of government and thanked the leadership of the House for its commitment to the development of the state.

Earlier, the Speaker of the State House of Assembly, Chief Werinipre Seibarugu, urged the governor to ensure the full implementation of the 2010 budget.


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