{"id":104830,"date":"2023-12-21T21:48:23","date_gmt":"2023-12-21T20:48:23","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/abia-assembly-passes-n567bn-budget"},"modified":"2023-12-22T00:42:16","modified_gmt":"2023-12-21T23:42:16","slug":"abia-assembly-passes-n567bn-budget","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/abia-assembly-passes-n567bn-budget","title":{"rendered":"Abia Assembly passes N567bn budget"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Abia State House of Assembly has passed into law the 2024 Appropriation Bill of N567,240,950, 972.<\/p>\n<p>The Speaker of the Abia State House of Assembly, Emmanuel Emeruwa, who announced the passage of the budget at the Assembly complex, congratulated his colleagues for their dedication and commitment towards the expeditious passage of the bill.<\/p>\n<p>He said that the budget has an estimated capital expenditure of N476, 011, 378, 893, while the recurrent expenditure is N91, 228, 778, 079.<\/p>\n<p>Emeruwa said the 2024 Appropriation Bill, when signed by Governor Alex Otti, will come into law on January 1, 2024.<\/p>\n<p>The passage of the bill followed, among others, the presentation and deliberations on the report and recommendations of the joint committee on appropriation and budget, planning, and multilateralism, which was co-chaired by Stephen Ucheonye and Mathias Ume.<\/p>\n<p>Gov Otti, while presenting the N567.2 billion \u201cBudget of a New Beginning\u201d on December 12, said 84 per cent of the projected budget would be spent on capital projects while 16 per cent would be utilised on recurrent expenditures, adding that various sectors of the state\u2019s economy would receive turnaround from his administration.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Abia State House of Assembly has passed into law the 2024 Appropriation Bill of N567,240,950, 972. The Speaker of the Abia State House of Assembly, Emmanuel Emeruwa, who announced the passage of the budget at the Assembly complex, congratulated his colleagues for their dedication and commitment towards the expeditious passage of [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":104829,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[4740,1570,2140,198,254],"class_list":["post-104830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-abia-assembly","tag-africa-press","tag-africa-press-nigeria-2","tag-budget","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Abia Assembly passes N567bn budget - Nigeria<\/title>\n<meta name=\"description\" content=\"The Abia State House of Assembly has passed into law the 2024 Appropriation Bill of N567,240,950, 972. 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