The Yobe State Governor, Ibrahim Gaidam has presented a budget of N69.3bn for 2017 fiscal year, tagged: “Budget of Consolidation and Self-reliance to the State House of Assembly.
The budget, which represents N19.5bn or 22 per cent below 2016 budget of N88.9bn, according to Gaidam, was based on economic realities of the country and the state.
He said the state was expecting N35.3bn from statutory allocation, N3.8 billion from Internally Generated Revenue (IGR) and N7.4bn from Value Added Tax (VAT).
The governor stated that his administration intends to spend sum of N27.407bn or 39.5 per cent to cater for capital expenditure, and sum of N41.9bn or 60.5 per cent for recurrent expenditure.
While analyzing the budget, Gaidam said the state Ministry of Education had the highest sectoral allocation of N17.7 billion followed by Ministry of Works with N10.7 billion and Ministry of Finance, N10.3 billion
Reviewing the 2016 budget, the governor said the sum of N49.8 billion was the actual receipt of revenue by government out of the N88.9 billion budget.
He appealed to the Assembly to expedite action on passage of the budget so as to improve the lives of the people.
The Speaker of the House, Adamu Dala-Dogo, assured the governor that the bill would receive accelerated passage in the interest of the people.
“I also want to assure you that as anti-corruption ambassadors, the house would pass the bill without padding, we are not going to pad it,” Dala-Dogo assured.
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