By Nosa Akenzua, Asaba
The Delta State House of Assembly House Committee on Trade and Investment has given a matching order to the Commissioner of Trade and Investment, Mr Chika Ossai to show strong improvement on budget performance in the year 2020.
Giving the charge was Mr. Anthony Emeka Elekeokwuri, member representing Ika North East constituency on behalf of the committee, during the budget defence of the ministry before the lawmakers at the assembly complex in Asaba, the State Capital.
Hon. Elekeokwuri took note of the fact that in the year 2020, there were serious challenges such as the COVID-19 but expressed the belief that 2021 would be better, saying the commissioner should ensure that the expectation of Deltans were met in the area of trade and investment.
He assured the commissioner that the committee and the house would do their best by making adequate laws that would improve the revenue generation of the ministry.
Earlier in the defence, the commissioner gave analysis of the ministry’s 2020 reversed approved budget estimate of N5.8 billion which includes both capital and recurrent expenditure with targeted revenue generation at N38.7 million.
He added that as at 21st September, 2020, the amount received for execution and expenditure was N319.7 million, saying it represented 24.17% performance, while actual revenue generated by the ministry in the year under review was N34.2 million, representing 88.39% performance.
While presenting the proposed 2021 budget estimate of N2.4 billion for both Mr Chika proposed a revenue generation target N60 million.
He drew the attention of the lawmakers to the fact that the budget appropriation for the various sectors of the ministry for the year 2020 was a far cry from what was desired.
According to him, while the budget looked robust, most of the funds contain therein were allocated to the Kwale Industrial Park, the Agro-Industrial Park at Aboh Ogwashi-Uku and the Ogheye Floating Market in Warri North Local Government.
He said that his ministry was desirous of making a positive impact on the industrial sector of the State economy, and appealed that the amount earmarked for the industrial and commercial sectors should to be review upwards, arguing that the present figure was grossly inadequate.