Kogi House of Assebmly Passes 2018 Budget into Law

Kogi House of  Assebmly Passes 2018 Budget into Law
Bayo Oyewale, Lokoja
The Kogi State House of Assembly has passed the sum of N151, 677, 854, 494 billion budget for the 2018 fiscal year into Law.
This indicates an increase in the proposal sent to the house by Governor Yahaya Bello in December 2017 which amounts to N147, 827, 844, 494.
The increase in the budget cut across various areas such as accreditation of courses in the state own institutions, road constructions and maintenance,  Security service, Projects and training amongst others.
While passing the budget into law at its sitting, the lawmakers charged the executive arm of government to ensure proper implementation.
This followed the third and final reading of the bill after due consideration under the chairmanship of the speaker, Prince Matthew Kolawole.
Estimated recurrent revenue was put at N91.2billion, while the expected capital receipts were put at N60.4billion.
The recurrent expenditure summary was put at N63.9billion while the capital expenditure was put at N87.6billion.
The chairman of Committee on Finance, Appropriation and Budget Monitoring, Momohjimoh Lawal member representing Okene II, presented the committee’s report on the appropriation bill.
According to the committee, the state government should ensure that enough funds were released to MDAs to execute capital projects, provide them with vehicles and necessary tools for their jobs.
The speaker Prince Mathew Kolawole in his remarks thanked committee members for their relentless efforts towards making the budget a reality just as he charged them to do more in their oversight duties.