Okowa Assents To N294.5bn 2017 Budget

 Delta State governor, Ifeanyi Okowa, on Tuesday, assented to the 2017 appropriation bill of N294.5 billion with an assurance that his administration would not waver in its commitment to infrastructural development.

 
The budget is made up of N158 billion recurrent expenditure and N136 billion capital expenditure.

According to him, finances from various sectors were expected to improve to enable the state to meet with its obligations to the people.

“The recurrent expenditure is high because we have a heavy wage bill when it comes to the issue of payment of salary, but beyond that, the state is also spending N31 billion in the servicing of debts in the course of the year,” Okowa stated.