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Monday, 30 December 2013

Fayemi Signs N103bn 2014 Budget



Ekiti State Governor, Kayode Fayemi, on Monday signed the 2014 Appropriation Bill passed by the state House of Assembly into law, with a promise not to relent in the pursuit of the people-oriented programmes aimed at banishing poverty.
The governor had on December 10, presented to the Assembly N103.882bn budget proposal.
It is expected that 51.8 per cent (N52,776,226,693.19) of the budget will be spent on capital projects with 48.2 per cent (N50,106,166,739.81) of the budget earmarked for recurrent expenditure.
While signing the budget at the Exco Chambers, Governor’s office in Ado Ekiti, the governor lauded the Assembly for demonstrating the essence of genuine partnership with the executive arm of government in ensuring that the administration met its obligations to the people.
He said the Assembly aligned with the executive in the quest to banish poverty from the state by creating the legal framework for development.
While expressing confidence that his administration did not fail in fulfilling the promises made to the people in his inaugural speech in October 2010, the governor said all communities in the state felt the positive impacts of government.
READ MORE: http://news.naij.com/55405.html

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