Rivers Assembly passes N480.4bn 2019 Appropriation Bill

Rivers Assembly passes N480.4bn 2019 Appropriation Bill

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Rivers Assembly passes N480.4bn 2019 Appropriation Bill
<p class="">The Rivers House of Assembly on Friday passed the proposed N480 billion Appropriation Bill for the 2019 fiscal year made up of N157.12 billion recurrent expenditure and N323.28 capital expenditure.</p> <h1>The passage followed the presentation of the report of the House Committee on Appropriation/Supply by the Chairman, Mr Christian Ahiakwo, (PDP-Ogba/Egbema/Andoni) Constituency 1.</h1> <p class="">Mr […]
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<p class="">The Rivers House of Assembly on Friday passed the proposed N480 billion Appropriation Bill for the 2019 fiscal year made up of N157.12 billion recurrent expenditure and N323.28 capital expenditure.</p>

<h1>The passage followed the presentation of the report of the House Committee on Appropriation/Supply by the Chairman, Mr Christian Ahiakwo, (PDP-Ogba/Egbema/Andoni) Constituency 1.</h1>

<p class="">Mr Sam Ogeh representing Emohua Constituency move the motion for the adoption of the report and was seconded by Adams Dima representing Okrika Constituency.</p>

<p class="">Following the third reading of the bill and passage, the Speaker, Mr Ikwunyi-awaji Ibani commended the committee for its commitment and ensuring proper examination of the proposed budget.</p>

<p class="">Ibani said that the committee having studied extensively the provisions of the budget agreed that it was a balanced financial document for the year.</p>

<p class=""><em>“In doing so, members of the committee highlighted the various sectoral allocations contained in the 2019 appropriation bill.</em></p>

<p class=""><em>“Some observations were made in the process and the committee agreed that the appropriation bill as presented by the governor was a balanced financial document, having taken into consideration the economic realities in Nigeria today.</em></p>

<p class=""><em>“They agreed that the forecast and projections made be considered, which is a little above N480bn as appropriate for the 2019 financial year,”</em> he said.</p>

<p class="">The speaker further noted that members of the house considered the report of the appropriation committee based on funding, observations and recommendations of the committee.</p>

<p class="">Ibani said that some of the requests identified by the committee showed that the estimated N480 billion could also take care of such requests during the implementation process. </p>

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If we sell our cars and set up an industry, we’ll take 5 million youths off the streets – Rivers senator
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