Delta State Governor, Dr Emmanuel Uduaghan has presented a N391.51 billion (three hundred and ninety one billion, five hundred and ten million naira) budget proposal for the 2014 fiscal year to the State Legislature with an assurance that his administration will finish strong.
Tagged, budget of “Consolidation, Sustainable Economic Growth and Development,” he disclosed that the amount which comprises N159.78 billion (one hundred and fifty nine billion, seven hundred and eighty million naira) or 48.8 per cent for recurrent expenditure and N231.72 billion (two hundred and thirty one billion, seven hundred and twenty million naira) or 59.1 per cent for capital expenditures.
The Governor who was accompanied by his Deputy, Prof. Amos Utuama (SAN), the Chairman of the People’s Democratic Party (PDP) in the State, Chief Peter Nwaoboshi and top government functionaries to the House of Assembly complex for the budget presentation stated that the budget was designed to sustain the drive towards the Delta State Beyond Oil initiatives.
He emphasized that 2014 shall be hinged on the completion of ongoing key projects irrespective of the size of carryover projects, adding that this is a result oriented strategy, wherein an allocation to budget heads are tied to performing projects and programmes that can sustain development.
Governor Uduaghan noted that a budget of N472.006 billion (four hundred and seventy two billion, six million naira) with a recurrent expenditure of N156.403 billion (one hundred and fifty six billion, four hundred and three million naira) and a capital budget of N315.602 billion (three hundred and fifteen billion, six hundred and two million naira) was approved for the 2013 fiscal year.
He reiterated the present administration’s very strong commitment to finish strong, adding that with 2014 being the last full year of this administration in office, Deltans are desirous that the promises and hopes they have raised should be kept.
The Governor assured Deltans that his administration will act competently and ensure that public finances are managed in the best possible way, noting that Deltans expect at all times good judgement and discretion from the Government it elected and none of them can rest or sleep peacefully until economic uncertainty, unemployment and poverty are tackled.
He expressed joy for the ‘Delta Beyond Oil’ initiative which is gradually taking firm root in the hearts and minds of all Nigerians, resulting in the ‘Nigeria Beyond Oil’ initiative for which Delta State has become a pacesetter in the nation.
The Speaker of the Delta State House of Assembly, Rt. Hon. Victor Ochei thanked Governor Uduaghan for the timely presentation of the budget and assured that the Legislature would give deserved attention to the budget proposal.
Delta State Government Press Release
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