Governor Idris Wada of Kogi State yesterday, presented an Appropriation Bill of N75 billion for the 2016 fiscal year. He presented the bill, christened: “Budget of Consolidation” to the state assembly in Lokoja for consideration and approval.
Only 10 members, including the Speaker, Alhaji Momoh-Jimoh Lawal, out of 25 members, were present during the exercise.
The governor said the budget was 15.3% or N13.6 billion lower than that of 2015.
He said it was his belief that the proposed 2016 budget was clearly indicative of his fair, sincere and frank assessment of resources accruing to the state.
“The total budget package for year 2016 is N74,996,241,381 as against N88,617,070,854 billion approved for year 2015 which is a decrease of N13.6 billion or 15.37% compared to the 2015 Revised Budget,” he said. [KOSG/NAN]
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