The Abia State House of Assembly has successfully passed the 2024 Appropriation Bill, amounting to N567,240,950,972. This significant legislative action was led by the Speaker of the Abia State House of Assembly, Emmanuel Emeruwa, at the Assembly complex.InformationGuideNigeria
Speaker Emeruwa, in his announcement, extended his congratulations to his fellow legislators for their dedication and commitment, which facilitated the swift passage of the bill. He outlined the budget’s allocation, noting that it includes an estimated capital expenditure of N476,011,378,893 and a recurrent expenditure of N91,228,778,079.JAMB Portal
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The 2024 Appropriation Bill is set to become law on January 1, 2024, upon receiving the signature of Governor Alex Otti. The approval of the bill followed comprehensive presentations and deliberations based on the report and recommendations of the joint committee on appropriation and budget, planning, and multilateralism. This committee was co-chaired by Stephen Ucheonye and Mathias Ume.NYSC Portal
DAILY POST’s coverage of the event includes details from Governor Otti’s presentation of the budget on December 12. Labelled the “Budget of a New Beginning,” Governor Otti announced that 84 per cent of the projected budget would be allocated to capital projects, while the remaining 16 per cent would be dedicated to recurrent expenditures.JAMB Result
He also emphasized that various sectors of the state’s economy are expected to undergo significant transformations under his administration.
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