Ekiti Assembly passes N124.7b budget for 2020

Ekiti State House of Assembly yesterday passed the state’s
N124.724billion Appropriation Bill for 2020.
This followed the adoption of the report of the House
Committee on Finance and Appropriation at plenary.
Presenting the report, the Chairman, Olubunmi Adelugba,
said the budget was made up of N71.186billion recurrent
expenditure, representing 57 per cent and N53.538billion
capital expenditure, representing 13 per cent.
Adelugba said the committee observed the budget was
perfectly in order, and would consolidate on the
achievements recorded in 2019 by establishing a fiscal
framework for expected transformation of all sectors of the
state’s economy.
The report was adopted by the lawmakers in a unanimous
vote.
The House later adjourned sitting till January 15, 2020.