DELTA STATE GOVERNOR SENDS N66 BILLION SUPPLEMENTARY BUDGET TO HOUSE OF ASSEMBLY

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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.

“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.

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