The Yobe State Governor, Ibrahim Gaidam Thursday presented before the State House of Assembly the sum of N91,647,597,000 as appropriation bill for the 2019 fiscal year.
The budget showed a decreased of N534,739,000 from last year’s budget of N92,182,336,000 billion.
Governor Gaidam, while addressing the House of Assembly chaired by the speaker Adamu Dala Dogo, said the projected income to finance the 2019 budget is expected to be generated from the Treasury Opening Balance, Internally Generated Revenue (IGR), Statutory Allocation, Value Added Tax (VAT), Ecological Fund, Excess Crude oil/exchange rate differential and Stabilization Fund among other sources.
He said, “In our resolute and determination to achieve far reaching goals and objectives of the 2019 budget. We propose to spend N49,968,967,000 billion or 54.5% to carter for recurrent expenditure, N41,678,630,600 billion or 45.5% shall be devoted to cover capital expenditure programme.
“In this budget we intend to consolidate on the gains recorded so far by completing all the major legacy projects being executed by our administration before handing over to the incoming APC administration in the state come 29th May, 2019 Insha Allah.
“This will also give clear policy direction to the incoming administration to enable it continue with the laudable developmental programmes in keeping with the Yobe Socio-Economic Reform Agenda (YOSERA) to deliver service based for the budgeted expenditure items for the remaining period of the fiscal year.
“It is for these reasons that we tagged the 2019 budget as “Budget of Consolidation”. We intent to hand over to the incoming administration as government that is free from any loan, without any uncompleted capital project and government that has a robust civil service that will plan and implement any project.”
According to the Governor, in the implementation of the budget, his administration will continue to lay emphasis on the observance of the principles of probity, transparency, accountability, due process and budget discipline.
“The higher allocation for the economic sector is maintained to enable us achieve multiplier effect on provision of basic infrastructure as well as to promote productivity, employment and private sector investment. The net proposed spending provisions in the budget are as follows: Ministry of Agriculture and its Agencies N4,458,254,000, Finance and Economic Development N8,784,283,000, Budget and Economic Planning N594,514,000, Works, Transport and Energy N15,951,223,000 Commerce, Industry and Tourism N553,304,000,” he stated.
While highlighting the 2018 budget performance earlier, Gaidam said the overall budget performance for both recurrent and capital expenditure from January 2018 to 23rd November, 2018 was N56,367,130,078.88, representing 61.1% success, hence this percentage is expected to increase before the end of the year.
Responding, the Speaker of the House, Adamu Dala Dogo commended the Governor for executing laudable projects that have direct bearing on the lives of people of the state.
“I call on good people of Yobe state to rally round policies and programmes of the Governor Alhaji (Dr.) Ibrahim Gaidam for the betterment of all citizens of the state,” the Speaker appealed.
He assured the executive of speedy passage of the finance and appropriation to enable it execute people-oriented projects across the state.
Soon after the copy of the propose bill was laid before the House by the Governor, it passed first reading and the House adjourned its sitting to be reconvened on Tuesday, the 4th of December, 2018 for further legislative actions.
Comments