Yobe State Governor Ibrahim Gaidam yesterday presented a budget proposal of N91, 647, 597, 000.00 to the House of Assembly for the 2019 fiscal year.
The budget tagged, “Budget of Consolidation”, is below that of 2018 by N534, 739, 000.
The governor said the government projected N49, 968, 967, 000.00 (54.5%) for recurrent expenditure and N41, 678, 630, 600 (45.5%) for capital.
Gaidam said the economic sector was 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.
He said education was allocated 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.
Works, transport and energy got N15, 951, 223, 000; and healthcare, N13, 002, 338, 000.
While reviewing the performance of the 2018 budget, the governor said of the 92, 182, 336, 000 budgeted, the actual receipts as at November 23 stood at N75, 967, 788, 000 representing 82.4 percent of the projected earnings.
He said there was 82.4 percent implementation rate for recurrent expenditure and 40 percent for capital projects.
“The overall budget performance from January 2018 to Nov. 2018 was 61.1 percent. The percentage will increase before the year ends. Given the progress that Yobe has made so far, we cannot dare to look backwards. 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”, Gaidam said.
The speaker of the house, Adamu Dala Dogo, commended the governor for the budget of consolidation and assured of quick passage for the benefit of citizenry.
