GOVERNOR Adams Oshiomhole has signed the state’s 2012 Appropriation Bill passed by the State House of Assembly into law.

The 2012 Appropriation Act of N150.9bn is N1.1bn above the N148.8bn proposal the Governor presented to the Assembly in December, last year.

The 2012 Appropriation Act signed yesterday is made up of N84.417bn capital expenditure and N64.548bn recurrent expenditure.

The governor who commended the leadership of the House of Assembly for the speedy passage of the budget recalled that his first budget in 2009, was not approved until the middle of April of that year by which time the rains had started and it was difficult to do any meaningful road projects.

“The speed with which you went through the budget shows that together we remain committed to our shared commitment to deliver good governance to the good people of Edo State” he noted.

According to him, the appropriation bill that has been signed is not exactly what was sent to the House, but it has been further enriched because of the legislature’s desire to meet the genuine aspirations of the people.

“What I want to assure you is that we in the Executive branch will do everything possible to ensure that the dream as captured in this budget becomes a reality in 2012 and we will continue to count on you including your helpful oversight functions to ensure that together the expectations of this budget are translated in a manner that will give our people a sense of pride and ownership of the government,” he added.

The governor said that this document reflects that so much is possible when a government is clear on the direction it wants to go and there is a genuine partnership between the government and the parliament.

“Broadly, the budget I have just signed reflects about sixty percent provision for capital expenditure and about forty percent for recurrent expenditure, which means we are putting far more resources to capital projects which is the only way we can ensure that government resources would be applied in a way that would deliver the greatest good to the greatest number”, he added

The Speaker of the State House of Assembly, Hon. Uyi Igbe while presenting the bill for the Governor’s assent, said if properly implemented, the 2012 budget would benefit the people of the State.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.