On Wednesday, the Kogi House of Assembly passed the 2024 N258.2 billion Appropriation Bill into law.

The passage of the budget followed the adoption of the House Standing Committee on Appropriation, Budget Monitoring and Economic Planning report during plenary.

Governor Yahaya Bello, on December 11, presented N258.2 billion as Kogi state’s 2024 appropriation bill for approval by the assembly. The budget was higher by N60.67 billion compared to N197.59 billion, the revised approved 2023 budget.

It had N145.73 billion as recurrent expenditure and capital expenditure of N112.54 billion.

Mr Bello, while presenting the bill, said the budget, tagged ‘2024 Budget of Consolidation and Continuity for Inclusive Growth’, was geared toward consolidating on the gains of the 2023 fiscal year.

The House Committee on Supply, at the clause-by-clause consideration of the appropriation bill, okayed the governor’s request as per the allocations.

The speaker, Umar Yusuf, said the bill had authorised N145.73 billion as recurrent expenditure and an authorised Capital Expenditure of N112.54 billion.

“The budget, which has shown the various allocations of funds to ministries, departments and agencies (MDAs), will take effect from January 1, 2024.

“As speaker of the house, I wish to commend you, my dedicated and hardworking colleagues, for a job well done at scrutinising our governor’s appropriation bill and passing it into law today, December 20, ” he said.

(NAN)