The supplementary appropriation bill had the increase of the state’s capital expenditure of N70.94bn.
It also had as its recurrent expenditure a sum of N182.48bn with a total of N100.251bn additional revenue.
The passage of the supplementary bill which has now increased the initial N350.7bn 2022 appropriation law to a new N450.98bn.
The passage followed the presentation of the report of the House Committee on Finance and Appropriation done by its Vice Chairman, Ganiyu Oyedeji, who thereafter moved the motion for its adoption, seconded by Haruna Wahab and supported by the whole House through a unanimous voice vote.
The Speaker, Olakunle Oluomo, conducted the reading and clause-by-clause adoption of the sectorial allocations at a plenary held at the Assembly Complex, Oke-Mosan, Abeokuta.
The bill was unanimously approved by the lawmakers with slight adjustments in the recurrent expenditures of 47 agencies, just as the capital expenditures of 27 other agencies were equally reviewed.
The process leading to the passage of the bill indicated that the recurrent expenditure was moved from N153.1bn to N182.48bn, resulting in an increment of N29.3bn, just as capital expenditure was increased from N197.5bn to N268.49bn giving N70.943bn total difference.
While expected internally generated revenue was increased from N153.17bn to N160.17bn creating a N7bn difference, opening balance was re-adjusted from the initial N10.31bn to N35.08bn, giving an increment of N24.77bn, just as a total of N68.47bn was added to the earlier approved N114.24bn expected capital receipt, which resulted in N182.72bn passed.
The motion for the third reading of the bill was later moved by the Majority Leader, Yusuf Sheriff, seconded by Hon. Oyedeji and supported by the whole House, while the Clerk/Head of Legislative Service, Mr. Deji Adeyemo, did the third reading of the bill before the members.
The title of the bill read: ‘H.B. NO. 079/OG/2022-Year 2022 supplementary appropriation law – a bill for a law for the appropriation of the sum of N28,791,952,069.80k only for recurrent expenditure’.
The Speaker directed that the clean copy of the bill be transmitted to Governor Dapo Abiodun for his assent.
The lawmakers in December 2021 had passed the 2022 appropriation bill of N350,735,149,739.57 into law, consisting of N153.18bn recurrent expenditure, and N197.55bn for capital expenditure.
