Cross River Assembly passes 2024 Appropriation Bill of N296.96bn

The Cross River State House of Assembly has successfully passed the state’s 2024 Appropriation Bill, which amounts to N296.96 billion. This figure is notably higher than the original budget estimate of N250.6 billion, labeled “The People’s First Budget,” presented by Governor Bassey Otu on October 26.JAMB Result

The increase in the budget size by over N46.4 billion reflects the assembly’s adjustments and modifications to the governor’s proposal.JAMB Portal

The passage of the bill was facilitated by the report presented by the Chairman of the Committee on Finance and Appropriation, Hon. Cyril Omini, who represents Yakurr 1 State Constituency. In his report, Omini commended Governor Otu for adhering to the State Public Finance Management Law, which mandates the governor to submit the annual revenue and expenditure estimates for the upcoming financial year to the assembly by the last working day of October each year.InformationGuideNigeria

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The Speaker of the House, Mr. Elvert Ayambem, expressed his gratitude to the members of the committee for their diligent work on the budget. He also lauded the commitment and dedication of the other lawmakers, which contributed to the swift and efficient passage of the budget.NYSC Portal

This development represents a significant step in ensuring that Cross River State has a comprehensive financial plan for the year 2024, focusing on addressing the needs and priorities of the people.

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