31.1 C
Abuja
Monday, November 28, 2022
HomeNewsBauchi Gov Presents N202bn 2023 Budget As Final Year Of First Tenure...

Bauchi Gov Presents N202bn 2023 Budget As Final Year Of First Tenure Looms

As Bauchi State Governor Bala Mohammed Abdulkadir presents the last budget of his first tenure, expenditure designed to boost the economy of the State got the lion’s share of the overall 2023 budget with over N58bn allocated to the sector. 

The governor, in a special session of the Bauchi State House of Assembly on Wednesday, proposed over N202bn for the 2023 fiscal year tagged Budget of Accomplishment and Renewed Commitment. 

He said N87,923,342 representing 43 percent was budgeted for recurrent expenditure. 

The governor added that N114,714,515 representing 57 percent was budgeted for capital expenditure. 

Governor Bala said the budget was prepared, using a projected oil production estimate of 1.5 million barrels per day at 70USD per barrel. 

The governor said the 2023 appropriation is higher than the 2022 budget, representing a 26.6 percent increase. 

Read: Extrajudicial Killings, Torture, Robbery… Excesses of ‘Ba Beli’ Armed Group Turning Bauchi-Plateau Border into a Bloodbath Field

A detailed sectoral allocation of the budget shows that administrative sector got N8bn, law and justice N1bn and N34bn was allocated to the social sector.

Governor Bala said as at the end of September this year, the 2022 budget was implemented up to 58.25 percent, adding that before the end of the year, the budget will be implemented up to 85 percent. 

He blamed the woe economic performance of the country for the average implementation of the 2022 budget. 

The governor also said the weak performance of naira against the US Dollar spelt low cash flow into the coffers of Bauchi State Government and local governments in 2022. 

He commended the peaceful working atmosphere existing between the executive and legislature, adding that it gave him the opportunity to deliver people-oriented programmes and policies. 

Read: Despite Multi-million Naira Contracts by FERMA, Bauchi-Jigawa, Azare-Katagum Roads Still in Deplorable States

Responding, Speaker of the Bauchi State House of Assembly, Rt. Hon. Abubakar Sulaiman assumed the governor of the timely and speedy passage of the 2023 appropriation bill to enable the executive complete already initiated projects across the state. 

 “I want to, at this juncture, assure you that the Honourable House, like in the past three years, will give the budget a careful and speedy consideration and subsequently pass it into law before the end of the year so that implementation will commence at the beginning of the year 2023. 

“This is with a view to enhancing the gains recorded by the present administration in all areas of human endeavour and consolidating on the massive transformation going on in all parts of the State,” the Speaker said. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read

Latest stories