Governor Abdullahi Sule of Nasarawa State, on Tuesday, presented the 2021 budget proposal of N112. 92 billion to the House of Assembly for consideration and approval.
Sule who tagged the budget: “Budget of Economic Recuperation”, said it was in compliance with Section 121(1) of the 1999 Constitution of the Federal Republic of Nigeria (as amended) and that his administration’s policy was anchored on transparency, accountability and prudent management of lean resources.
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“The total expenditure outlay of the 2021 estimate is in the sum of N112.923bn only. A total of N51bn only representing 45.21 per cent of the budget is earmarked for non-debt recurrent expenditure which consists of both personnel and overhead costs.
“The sum of N54.85bn only representing 48.58% of the total budget is earmarked as capital expenditure for the year 2021.
“Similarly, the sum of N7bn has been allocated to consolidated revenue fund charges for debt servicing, pension and gratuity. This represents 6.21% of the total budget.
The budget framework shows an increase of N4.478bn over and above the fiscal year 2020 original budget estimate; translating to 4.13% increase.
The Speaker of the House, Ibrahim Balarabe-Abdullahi, who received the budget after Gov. Sule’s presentation, assured the state government of speedy passage of the budget for the overall development of the state and saluted the governor for his effort in addressing the security challenges facing the state.
On December 4, 2019, the governor presented the 2020 budget proposal of N100.52bn to the House of Assembly for consideration and approval.a
