The Rivers House of Assembly on Friday passed the
proposed N480 billion Appropriation Bill for the 2019 fiscal year made
up of N157.12 billion recurrent expenditure and N323.28 capital
expenditure.
The passage followed the presentation of the report of the House
Committee on Appropriation/Supply by the Chairman, Mr Christian
Ahiakwo, (PDP-Ogba/Egbema/Andoni) Constituency 1.
Mr Sam Ogeh representing Emohua Constituency
move the motion for the adoption of the report and was seconded by Adams
Dima representing Okrika Constituency.
Following the third reading of the bill and
passage, the Speaker, Mr Ikwunyi-awaji Ibani commended the committee for
its commitment and ensuring proper examination of the proposed budget.
Ibani said that the committee having
studied extensively the provisions of the budget agreed that it was a
balanced financial document for the year.
“In doing so, members of the committee highlighted the various sectoral allocations contained in the 2019 appropriation bill.
“Some
observations were made in the process and the committee agreed that the
appropriation bill as presented by the governor was a balanced
financial document, having taken into consideration the economic
realities in Nigeria today.
“They agreed that the forecast and
projections made be considered, which is a little above N480bn as
appropriate for the 2019 financial year,” he said.
The speaker further noted that members of the
house considered the report of the appropriation committee based on
funding, observations and recommendations of the committee.
Ibani said that some of the requests
identified by the committee showed that the estimated N480 billion could
also take care of such requests during the implementation process.
