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    MarketForces Africa » MarketForces News » Diri Signs 2025 Budget Into Law
    News

    Diri Signs 2025 Budget Into Law

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiDecember 23, 2024No Comments3 Mins Read
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    Governor of Bayelsa State, Senator Douye Diri, has signed the state’s 2025 appropriation bill passed by the House of Assembly into law. Governor Diri on October 31
    Douye Dir, Governor Bayelsa State
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    Diri Signs 2025 Budget Into Law

    Governor of Bayelsa State, Senator Douye Diri, has signed the state’s 2025 appropriation bill passed by the House of Assembly into law. Governor Diri on October 31, 2024 presented to the assembly a budget estimate of N689,440,348,916.30.

    The assembly however raised the estimates by N10,132,818,675 and passed the total sum of N699,573,167,592. 

    Speaking during the ceremony in Government House, Yenagoa, on Monday, Governor Diri said the signing of the bill before end of the current year was in line with his administration’s policy of operating its budget between January and December as well as its commitment to transparency and good governance. 

    The governor said the budget was not just a financial statement but a law that must be implemented.

    He lauded the speaker and members of the Bayelsa State House of Assembly for the timely passage, saying he was satisfied with their performance and urged them not to relent in their service to the state. 

    While directing all ministries, departments and agencies of government to ensure that they make reference to the budget in their proposals, Diri expressed the optimism that the budget will impact positively on people of the state. 

    His words: “Today, in line with our policy, we have gone through all the processes to have our budget and I am honoured to sign this appropriation bill tagged “Budget of Assured Prosperity” into law. 

    “With the signing of this budget, I reaffirm my administration’s commitment to transparency and good governance.  “We have prioritized critical sectors that will enhance the quality of life of our people. Our projects must have impact on the lives of our people. 

    “Mr. Speaker, your leadership is speaking loudly for you. The house is very prolific. I commend your diligence and timely passage of the budget, It reflects your dedication to serve Bayelsa State.”

    Earlier, the Speaker, Rt. Hon. Abraham Ingobere, stated that as required by law, the 2025 budget estimates were scrutinized thoroughly and passed into law in the interest of the state. 

    He remarked that after careful consideration, the Assembly increased the figure of the budget presented by the Executive by 1.5 per cent, stressing that if implemented, it was capable of transforming the economic fortunes of the state.

    Ingobere thanked the governor for making resources available for the training and retraining of institutions, which has brought about greater productivity, and assured the executive of a better working relationship in 2025. #Diri Signs 2025 Budget Into Law#

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    Bayelsa state Douye Diri
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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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