News Delta Assembly passes revised 2020 budget

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Delta Assembly passes revised 2020 budget

News Delta Assembly passes revised 2020 budget
Pool Photo

The bill to amend the 2020 budget of N395.5 billion has been passed by the Delta State House of Assembly.

The passage of the bill was sequel to a report presented at Wednesday’s plenary by the House Committee on Finance and Appropriation.

The Deputy Chairman, Finance and Appropriation Committee, and Member representing Ika South, Mr. Festus Okoh, who presented the report, said the committee painstakingly examined the proposed amendments in the bill, vis-a-vis the 2020 approved budget.

He said the Committee found out that the proposed revised 2020 budget was caused by the raging COVID-19 pandemic which triggered a sharp drop in the prices of crude oil and slide in the exchange rate with attendant effect on revenue accruable to government.

Briefing members on the recommendations of the Committee, Mr. Okoh appealed to them to approve and pass the total re-alignment to N279. 8 billion as the amended 2020 Budget.

The bill was read for the third time on the floor of the House and later passed after a voice vote.

The Speaker, Sheriff Oborevwori, noted that the downward review of the 2020 Budget was necessitated by the devastating effect of the COVID-19 on the economy, and commended the Governor, Dr Ifeanyi Okowa, for his foresight in presenting a revised budget to meet the realities on ground.

Newsmen report that Okowa had in December 2019 signed the 2020 budget of N395.5 billion into law.

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