Sheriff Oborevwori, Delta State governor has presented N714.4billion appropriation bill for the 2024 fiscal year to the State House of Assembly.
The N397.9 billion capital expenditure and the N316.6 billion recurrent spending account for 56% and 44%, respectively, of the overall budget of the “Budget of Hope and Optimism.”
According to Governor Oborevwori, the goals of his first budget proposal since taking office, which is for 2024, are to put the economy on a path of sustainable growth, increase productivity and investments, make doing business easier, and give regular citizens plenty of opportunities to participate in the economy.
The governor added that the N150 billion personnel cost included in the budget was in anticipation of a potential salary increase by the federal government sometime in 2024, while the overhead costs reflected the nation’s inflationary trend. He was also pleading with the lawmakers to expeditiously pass the appropriation bill.
“This administration will embark on the construction of more critical road infrastructure in the 2024 fiscal year because we are irrevocably committed to advancing urban-rural integration.
“In 2024, we propose to spend N150 billion on road infrastructure for the ministry of works; N46.55 billion on education; health will gulp N18.65 billion; agriculture, N7 billion and urban renewal N7.5 billion.
“Environment will gulp N2.1billion and youth development, N1.7 billion. These key sectors are very essential in our 2024 budget.
“This administration is focused, process driven, and result-oriented in its governance style. The progress that we have made in the last five months should give hope to our people that the goals we have set in this budget will be pursued with similar zeal and dedication.
“Rest assured, this administration is determined to see our people through the hard times, doing all that we can to assist the poor and vulnerable.”
Earlier, the speaker, Hon Emomotimi Guwor, said the budget presentation was historic as it was the first budget being presented by the governor who was the immediate past speaker of the House
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