Borno Budgets N175.9 Billion For 2015

The Borno state governor, Kashim Shettima, has presented a budget of N175.9 billion for 2015 to the state House of Assembly.

Presenting the bill, tagged ‘Budget of Fulfilment’, on Tuesday, governor Shittima said that while recurrent expenditure would receive N62.9 billion, N113 billion has been earmarked for capital projects.

He said that the budget would be financed through a statutory allocation of N98.4 billion and internally generated revenue of N39.4 billion.

Explaining the superior appropriation for capital expenditure, Shettima said the budget’s focus was on completing all on-going projects and embarking on new ones targeted at improving the living condition of the people as well as to boost the economy.

“We shall mobilize all available resources and human capital to ensure that the targeted objectives are achieved especially peace and stability, conducive environment for small and medum scale business to thrive, improving agriculture to generate employment opportunities to the youths and introduction of mechanized farming,” the governor noted.






     

     

    “Considering the fact that our projections are ambitious, while our resources are limited, we shall explore all avenues of revenue generation to compliment the statutory allocations from the federation account which has dwindled in view of the general downward trend for oil prices in the international market,” he added.

    Governor Shettima said his administration was committed to ensuring prudence, transparency and accountability in the management of state resources and promised to cut all avenues of wastage of public funds.

    A breakdown of the 2015 budget for the state shows that the ministry of works will receive the highest vote of N23.3 billion, followed by health ministry with N17.6 billion while education comes third withN14.5 billion.

    The Speaker of the state House Assembly, Abdulkarim Lawan, said that the budget will create the desired impact on the lives of our people, assuring the governor of accelerated passage of the bill.

    Join the ICIR WhatsApp channel for in-depth reports on the economy, politics and governance, and investigative reports.

    Support the ICIR

    We invite you to support us to continue the work we do.

    Your support will strengthen journalism in Nigeria and help sustain our democracy.

    If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here


    Support the ICIR

    We need your support to produce excellent journalism at all times.

    - Advertisement

    Recent

    - Advertisement