The Delta State revised 2020 appropriation bill has been passed by the State House of Assembly.
The passage of the bill was sequel to a report presented at Wednesday’s plenary by the Deputy Chairman House Committee on Finance and Appropriation, Honourable Festus Okoh.
Okoh said the Committee discovered that the proposed revised 2020 Budget was caused by the raging COVID-19 pandemic which triggered a sharp drop in the prices of crude oil and slide in the exchange rate with its attendant effect on revenue accruable to government.
The Ika South representative appealed to his colleagues to consider and pass the bill to authorise the state government to spend a total sum of N279.7bn as the amended 2020 budget, instead of the N395.4bn earlier approved.
The bill was later read for the third time and passed after a voice vote.
Addressing the lawmakers on the successful passage of the bill, the Speaker, Honourable Sheriff Oborevwori, said the downward review of the 2020 budget was necessitated by the devastating effect of the COVID-19 on the economy, and commended the State Governor, Senator feanyi Okowa for his foresight in presenting a revised Budget to meet the realities on ground.
Also on Wednesday, the Assembly passed the bill for a law to establish the Delta State Internal Revenue Service and its Board, 2020, after considering the report of its Joint Committee on Bills and Public Accounts at plenary.
The Chairman of the Committee on Bills, and Majority Leader of the House, Honourable Tim Owhefere, had told the House that the Committee thoroughly examined the bill and also consulted with financial experts and some relevant authorities in the course of its assignment.
He said the bill was carefully scrutinized clause by clause, pointing out that the schedules annexed to the it also took the bulk of the Committee’s attention.
Owhefere added that the bill was not aimed at increasing the sufferings of the people, but to enable government to more effectively and efficiently harness existing sources of revenue for the overall benefit of the people.
The Speaker, Rt Hon Sheriff Oborevwori in his address after the Bill was passed said it would enhance the administration and collection of different taxes, tariffs, rates, fees and charges and in turn boost the economy of the state.