Ekiti Assembly Passes Supplementary Budget
The Ekiti State House of Assembly has passed the revised 2020 budget of #91.1 billion.
The Budget was passed at the House plenary after it was observed by the Committee of Supplies.
The approval followed the consideration of the report of the Committee on Finance and Appropriation, chaired by Hon. Olubunmi Adelugba from Emure constituency.
While reading the report, she stated that the supplementary budget was inevitable in the face of the Covid-19 pandemic, which has threatened the full implementation of the State 2020 Budget as revenue from Crude oil, a major source of revenue to Ekiti State has nose dived.
The recurrent expenditure had a downward review from #71.1b to #59.06b, while capital expenditure from #53.5b to #32.06b.
The Speaker of the House, Rt.Hon.Funminiyi Afuye, in his remarks stressed the need to face the reality on ground to ensure government positive impact is felt, through achievable interventions and programmes at this present time.
You will recall that the Ekiti State House of Assembly had earlier passed the 2020 budget sum of #124.7b before ravaging Covid-19 pandemic.
