Saturday, December 21, 2024
HomePowerNasarawa Assembly Passes N402.5bn 2025 Budget

Nasarawa Assembly Passes N402.5bn 2025 Budget

News Investigators/ The Nasarawa State House of Assembly on Friday passed the 2025 Appropriation Bill of N402.5 billion.

The News Agency of Nigeria (NAN) recalled that Gov. Abdulahi Sule had on Nov. 29, presented a budget of N382.5 billion to the assembly for consideration.

The assembly, however, increased the budget, christened “Budget of Economic Growth and Stability” by N20 billion.

Danladi Jatau, Speaker of the assembly attributed the increase in the budget to the current economic situation and inflation in the country.

“This House approved the upward review of the budget size by N20 billion to enable government meet with the current economic reliaties in the country.

“The sum of N402.5 billion has been passed by this assembly as the budget for 2025.

“The budget covers N166.4 billion for recurrent expenditure and N236.2 billion will go into capital expenditure.

“This appropriation bill, if assented to by the governor will enable the government execute people’s oriented projects for the overall development of the state,”Jatau said.

NAN

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments