Bayelsa State governor, Hon Seriake Dickson has signed the 2012 State Supplementary Appropriation bill into law.
Speaking shortly after signing the bill at the Executive Council chambers of Government House, Yenagoa Governor Dickson noted that the bill was initiated to enable government tackle the challenges posed by the flood disaster.
Hon Dickson said, in accordance with the law, government secured an approval of two-third majority of the state house of assembly to spend 1.5 billion naira from the State Compulsory Savings Account.
While commending the House for the expeditious passage of the bill, the Governor pointed out that the amount will go a long way to enable government address the immediate needs of flood victims.
“It is good to save. And because we have actually been saving…Outside this month alone, what we are going to put into that fund, the compulsory saving scheme is about 3.5billion naira.
“I had to request the Bayelsa house of Assembly in accordance with the laws that the House should by Two-Third majority grant our request to spend 1.5 billion naira from our savings to address some of the immediate challenges posed by the crisis.
Presenting the bill for the Governor’s assent, Speaker of the State House of Assembly, Rt. Hon. Benson Kombowei said the house passed the bill two days after its receipt.
Right Hon kombowei explained that the timely passage of the bill was to enable government immediately cushion the effects of the devastating flood.
Daniel Iworiso-Markson
Chief Press Secretary to the Governor of Bayelsa State
16/10/2012
No comments:
Post a Comment