The Ekiti House of Assembly has passed the state’s N113.57 billion 2023 appropriation bill.
The appropriation bill tagged, “Budget of Strong Beginning” was unanimously passed at plenary presided over by the Speaker, Olubunmi Adelugba, at the Assembly’s complex in Ado-Ekiti, on Thursday.
The bill’s passage followed the adoption of the report of the House Committee on Finance and Appropriation at the Committee of the Whole House.
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Presenting the report, the chairman of the committee, Lateef Akande, said that the figure was made up of N79.51 billion recurrent expenditure and N34.06 billion capital expenditure.
“I can assure the House that in spite of the envisaged challenge of limited resources as a result of zero remittance to the Federation Account by the Nigerian National Petroleum Corporation (NNPC), the 2023 estimate covers all sectors of the economy.
“It is in the light of the above that the Finance and Appropriation Committee is recommending recurrent expenditure of N79,510,633,058.89 and capital expenditure of N34,062,058,464.93,” he said.
