Yobe budgets N91.6bn for 2019 fiscal year | Dailytrust

Yobe budgets N91.6bn for 2019 fiscal year

Governor Ibrahim Gaidam of Yobe State
Governor Ibrahim Gaidam of Yobe State

Yobe State governor, Ibrahim Gaidam, has presented to the state assembly a projected total sum of N91.6billion to be spent by his administration for the 2019 fiscal year.

The budget tagged “Budget of Consolidation” which allocated lion share to education, works and healthcare was presented at the House of Assembly complex on Wednesday, in Damaturu, Yobe state.

Governor Gaidam noted that the proposed 2019 budget is slightly below that of 2018 by N534,739,000 or 0.6 percent.

The governor said the Yobe State Government projects N49,968,967,000.00 or 54.5 percent for recurrent expenditure and N41,678,630,600 or 45.5 percent as capital spending.

Gaidam said the economic sector has been allocated N30,635,430,000, governance sector N17,473,893,500, regional sector (covering water supply, environment and housing) N4,431,968,000, law and justice N2,298,887,000 and the social sector N36,807,418,500.

The governor revealed that education has been allocated the sum of N22,497,645,000 under the social sector.

“We will continue to take steps to revitalise education for the progress of our state depends on it”, he said.

Education is followed by works, transport and energy at N15,951,223,000 and healthcare, which has a total of N13,002,338,000 budgetary allocation.

While reviewing the performance of the 2018 budget, the governor said that of the N92,182,336,000 projected within the fiscal year, actual receipts as at November 23 stood at N75,967,788,000 which represents 82.4 percent of the projected earnings.

He said there was 82.4 percent implementation rate for recurrent expenditure and 40 percent implementation for capital projects.

“The overall budget performance from January 2018 to November 2018 was 61.1 percent. The percentage will increase before the year ends”, he said.

Given the progress that Yobe has made so far, “we cannot dare to look backwards”, Gov. Gaidam said.

“We are optimistic that the policies and programmes being implemented and the legacy projects which our administration has executed will continue to be strengthened in our state post-May 2019”, he added.

Receiving the budget proposal, the Speaker, Yobe state House of Assembly, Adamu Dala Dogo, commended the governor for the budget of consolidation and assured him of quick passage for the benefit of citizenry.

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