Delta State Governor, Ifeanyi Okowa, has signed the 2016 appropriation bill of 267 billion naira into law.
Okowa, who christened the bill “Budget of Renewed Hope and Inclusive Development”, assented to the bill in the presence of the Speaker of the Delta State House of Assembly, Monday Igbuya and his deputy, Friday Osanebi.
The Governor gave the assurance that the projected Internally Generated Revenue, IGR, would drive the implementation of the budget.
Senator Okowa commended legislators for the speedy passage of the bill, which he noted would translate to massive infrastructure development.
“This budget that have been assented to in good time, gives us enough room to utilize the dry season for infrastructure development and I appreciate the Speaker and members of the Delta State House of Assembly for taking time to work on the budget,” he said.
According to the Governor, “a total of 153 billion naira has been appropriated as recurrent expenditure and 114 billion for capital expenditure. We hope to generate the revenue to implement the budget in full”.
He urged the Board of Internal Revenue, DBIR, to exceed last year’s target of 40 billion naira and block every loophole as well as ensure that more people come into the tax net.
Urging the people to pay taxes promptly, the Governor promised “we will do our best to be accountable and money collected from taxes would be ploughed back to the development of the state.”