Governor Babagana Zulum has presented a budget of N267billion for the 2022 fiscal year to the Borno State House of Assembly with the education sector getting the largest share of N38billion, representing 20.22% of the budget size.
Addressing the lawmakers, Zulum explained that the N267,921,484,000 comprised of N172, 535,634,000 capital expenditure and N95,385,850,000 recurrent expenditure.
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Titled the budget of “Hope for Post-Conflict Stability,” the governor said the budget aimed to fast track ongoing reconstruction of destroyed communities for safe and dignified resettlement of IDPs, as well as the provision of livelihood and social support to citizens.
He added that the budget also aimed to fund the completion of all ongoing capital projects.
The governor explained that the budget would be financed from anticipated recurrent revenue of N113,839,901,000 from FAAC allocation and increased IGR, and N154,081,583,000 from loans and grants.
He announced many plans in the education sector which include the establishment of new technical schools, reconstruction and reopening of some schools destroyed by insurgents, and the establishment of what he called “Centres of Excellence” which would involve identifying two existing secondary schools in each of Borno’s three Senatorial zones and transforming the six schools to become of international standards.