Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Economy Budget

Delta state governor sends N66 billion supplementary budget to House of Assembly

William UkpebyWilliam Ukpe
1 year ago
in Budget, Politics
Delta Assembly approves Governor Okowa’s N100 billion loan request 4 months to end of tenure

Governor Ifeanyi Okowa

Share on FacebookShare on TwitterShare on Linkedin

The Governor of Delta state has sent a N66 billion 2021 supplementary budget to the Delta State House of Assembly for approval.

This was disclosed at Tuesday’s plenary by House speaker, Chief Sherriff Oborevwori, in Asaba. He added that Governor Ifeanyi Okowa’s N66 billion approval request includes N15.72 billion for Recurrent Expenditure and N50.65 billion on Capital Expenditure.

The Governor revealed in his letter that the request was necessitated to offset mounting arrears of unpaid certificates of contractors handling projects in the state.

What the Governor said

“Permit me to mention that in the course of implementing the 2021 budget, a performance review was carried out for eight months.

“The review between January and August revealed that the actual revenue received for the period against the budget estimate was less than the proposed receipts.

“The shortfall in the revenue estimate is as a result of a drop in cash flows and remittances into the Federation Account by the Nigerian National Petroleum Corporation.

“It was also revealed that first line deduction to service loan obligations of states and other multiplier effects of the Coronavirus pandemic on the economy altered the fiscal plans of the Federal Government.

“By extension, the state government’s revenue was negatively affected,’’ Okowa stated in the request.

A motion moved by Majority Leader of the Assembly, Mr Ferguson Onwo, on behalf of the Governor’s request was unanimously adopted by the lawmakers, who fixed Wednesday for the second reading of the request.

Related

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Standard
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Vice President Osinbajo says cashless policy will help track election financing
  • Lagos moves to eliminate quacks in real estate sector
  • Nigeria’s bonds jettisoned at fastest pace in 3 months following Moody’s downgrade

Follow us on social media:

Recent News

Vice President Osinbajo says cashless policy will help track election financing 

Vice President Osinbajo says cashless policy will help track election financing

January 30, 2023
Lagos moves to eliminate quacks in real estate sector

Lagos moves to eliminate quacks in real estate sector

January 30, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics