Governor Ifeanyi Okowa of Delta State has presented a N378.48 billion budget for the 2021 fiscal year to the state’s House of Assembly.

The Governor presented the appropriations Bill dubbed “Budget of Recovery” to the lawmakers on Tuesday explaining that the budget was made up of N207.52 billion for capital expenditure and N171.32 billion for recurrent expenditure.

He said that the allocations were in tandem with his administration’s goal of spending more on projects and programmes that would impact directly on the socio-economic wellbeing of Deltans.

The 2021 budget is N96.2 billion (34.05%) higher than the N282 billion revised approved budget of 2020.

“The 2021 budget proposals reinforced the state government’s commitment to road infrastructure, education, health and job and wealth creation programmes as the principal-drivers of the stronger Delta agenda,” Okowa said.

READ ALSO: Bayelsa Community Raises Alarm Over Spillage At NAOC Oil Field

“N113 billion, representing 89.94 per cent of the capital budget, is allocated to the economic sector while N35 billion is assigned to the social sector; the administration sector got 10.93 billion and the regional sector, N42 billion.

“In 2021, we propose to spend N66.66 billion on road Infrastructure; N6.79 billion on health; education will gulp N23.55 billion; agriculture, N2.04 billion and water sector, N1.83 billion.

The governor noted that due to the impact of the COVID-19 pandemic on the global economy, government spending was severely hampered by the pandemic, and that Delta was no exception.

In his own remarks, the Speaker of the Delta State House of Assembly, Sheriff Oborevwori, said the House would continue to support the Ifeanyi Okowa-led State government through passage of people-oriented and development-driven legislations.

“We are more than ready to cooperate with the Executive to develop a smart, sustainable and knowledge-based economy that will be the envy of all,” the speaker said.

Share:

administrator, person

Leave a Reply

Your email address will not be published. Required fields are marked *