Adamawa Govt. Earmarks N55.5 bn as 2024 Supplementary Budget
The Adamawa Government has approved the sum of N55.5 billion as supplementary budget for the 2024 financial year.
Mrs Neido Kofulto, State Commissioner for Information and Strategy said this while briefing newsmen on the development in the late hours of Tuesday in Yola.
She said the supplementary budget was part of the emergency Executive Council Meeting presided over by the state Deputy Governor Prof. Kaletapwa Farauta.
According to her, the supplementary budget is necessitated by the need to capture and finance projects which were not initially captured in the main budget. Naira Skids as FX Turnover, External Reserve Decline
“The council resolution on the supplementary estimate will soon be presented to the State House of Assembly for ratification and approval,” she said.
Mr Emmanuel Piridimso, State Commissioner for Budget and Planning said the budget was initiated to finance other additional projects as the State finances had reasonably increased.
According to him, the ministries captured in the supplementary budget are, Ministry of Education, Women Affairs, Commerce and Industries and Works and Energy Development and among others.
The Adamawa government had on Dec. 9, 2023 presented an appropriation estimate of N225.8billion.
