Breaking News
Translate

Ogun assembly passes N400bn 2019 appropriation bill

Kindly Share This Story:

The Ogun Assembly on Thursday passed  the 2019 appropriation bill of N400billion, cutting off  N2.632 billion from the initial N402.63 billion proposed by Gov. Ibikunle Amosun.

•Amosun: Ogun governor

The passage of the bill was sequel to the presentation of the report of the Finance and Appropriation Committee by its Chairman, Mr Victor Fasanya (APC–Abeokuta South 1), during plenary in Abeokuta.

Fasanya, thereafter, moved the motion for its adoption.

It was  seconded by the Chief Whip, Idowu Olowofuja (APM–Abeokuta South 11) and supported by the whole House through a voice vote.

The bill was thereafter read clause-by-clause by Speaker, Suraj Adekunbi (APC –Yewa North 1), before the members, after which the motion for the third reading was moved by the Minority Leader, Olawale Alausa (PDP –Ijebu Ode) and seconded by Akinpelu Aina (APC–Ado Odo Ota 1).

The budget proposal was passed with slight adjustments in the budget of some agencies which led to an increment of N1.088 billion in the fund initially allocated for recurrent expenditure which moved from N125.07 billion to N126.165 billion.

The capital expenditure was reduced by N3.720 billion, from initial N254.055 billion to N250.334 billion.

DELTA DEP SPEAKER’S SACK: INEC presents certificate of return to Ozegbe

The assemblymen reduced expected internally generated revenue  from  N161.244 billion to N159.244 billion,  while statutory allocation, Value Added Tax (VAT), expected refund from Federal Government remained as presented by the governor.

In addition, capital receipt of N101.388 billion was slashed to N100.755 billion.

Speaker Adekunbi commended  members and their staff for the speedy passage of the bill.

He directed that the clean copy of the bill be sent to the governor for his assent.

The Assembly also  passed three bills. One of them was the  Ogun State Legislative Funds Management Law, 2018 , which  makes provision for the House of Assembly Legislative funds management and other Matters connected therewith.

The second was Ogun State House of Assembly Service Commission Bill 2018, which provides for the Establishment of the Ogun State House of Assembly Service Commission and other matters connected therewith.

The third bill was the Statutory Offices (State Emoluments) (Amendment) Law, 2018, which amends the Statutory Offices (State Emoluments) Law, 2012. (NAN)

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!