Business and Economy
NSHA passes N402.57bn 2025 appropriation bill into law, jerks budget by N20 billion.
By David Odama
The Nasarawa State House of Assembly, has passed into law 2025 Appropriation Bill of N402.57 billion.
The House also jerked the budget by N20billion against N382. 57 earlier presented by Governor Sule to N402 .57billion due to importance in some economic codes in the budget and inflation in the market.
Speaker of the House, Rt. Hon. Danladi Jatau announced the passage of the bill into law during the House proceedings in Lafia friday
The Speaker said that the House approved the upward review of the budget size by N20bn due to importance of some items in the budget and inflation in the market.
He said that the 2025 Appropriation bill, if finally assented to by the Governor would enable the state government execute people’s oriented projects for the overall development of the state.
” A Bill For A Law to Issue Out of the Consolidated Revenue Fund of the State (Appropriation) of the Sum of N402, 567, 843, 592.03 is read for the third term and passed.
“Where N166, 384 435,542.25 as Recurrent Expenditure while N236, 183,408, 049.78 as Capital Expenditure” he said.
The Speaker directed the Clerk of the House to provide him with the clean copy for his vetting and onward transmission to Gov. Sule for his further necessary action.
It would be reported that on Friday, Nov. 29, Gov. Abdullahi Sule of Nasarawa State, has presented N382.57billion Appropriation bill for the 2025 fiscal year to the State House of Assembly for approval, christened “Budget of Economic Growth and Stability”
In a related development, the House passed into law A Bill for a Law to Establish the Nasarawa State Fire and Rescue Service Agency to provide for the Suppression of Fires, Rescue of Persons and Animals from Hazardous Situations and For Other Matters Connected Thereto.
The Speaker while announcing the passage of the bill into law during the House proceedings today in Lafia said that the bill is to provide fire fighting equipment among others.
The Speaker directed the Clerk of the House to communicate the House resolution to Gov. Sule for his further necessary action.
Earlier, Hon. Suleiman Azara, the Majority Leader of the House moved motions for the passage of the bills into law.
The Minority Leader of the House, Hon. Luka Zhekaba, seconded the motions.
The House unanimously passed the bills into third reading.
Furthermore, the Speaker of the House, Rt. Hon. Danladi Jatau, has announced that the House would proceed on Christmas recess from tomorrow, Dec. 21, 2024 and would resume on 3rd Feb. 2025.
This followed a motion moved by Hon. Suleiman Azara, the Majority Leader of the House and seconded by Hon. Luka Zhekaba, the Minority Leader of the House.