Governor Idris Wada of Kogi on Wednesday presented a N128.7 billion Appropriation Bill for consideration by the state House of Assembly for the 2014 fiscal year.
Presenting the bill on the floor of the House in Lokoja, Wada said the amount was N3.9 billion or 2.98 per cent lower than the N132.67 billion appropriated for 2013 fiscal year.
He said that over N58.7 billion was for recurrent expenditure, while N70.02 billion was expected to be expended on capital programmes and projects.
Wada said that N79.6 billion was expected to be generated from recurrent sources, while N49.1 billion was expected from capital receipts.
Tagged: “Budget of Reality,” the governor said it was tailored towards improving the living standard of the people.
He urged the people to imbibe the “can do” spirit of partnership for development at all levels.
Wada added: “I am certain that the policies, programmes and projects contained in this budget proposal will accelerate socio-economic growth and development of our beloved state.
“This will be so if we sincerely cooperate with each other to implement them faithfully.”
The Speaker of the House, Hon. Momoh-Jimoh Lawal, assured the governor of speedy passage of the bill.
“This is to enable you commence in earnest the implementation of a new page of your transformation agenda in the New Year,” Lawal said.
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