28.1 C
Abuja
Monday, November 28, 2022
HomeNewsBauchi Govt Allocates N10bn To SSG's Office, N6bn To Water

Bauchi Govt Allocates N10bn To SSG’s Office, N6bn To Water

In what appears to be a gross disproportionate sectoral allocation in its 2023 budget, Bauchi State Government has allocated N10bn to the office of the Secretary to the State Government (SSG) while a paltry N6bn was allocated to the water sector of the state. 

Bauchi State Commissioner for Budget and Economic Planning, Aminu Hammayo said this while presenting details of the 2023 appropriation bill of the state to journalists in his office. 

WikkiTimes learned that the N10bn allocated to the office of the SSG represents 5 percent of the total budget while the N6bn pushed to the water sector represents 3.4 percent. 

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

He said the NN202,641,558,614.46 budgeted for the year 2023, has an opening balance of N9bn. 

The Commissioner said domestic and foreign loans with long-term payment windows will be used to finance the deficit accrued from implementing the budget. “We’ve made our projection for the revenue including capital receipts on the basis of a certain number of assumptions on oil production benchmark of about 1.5 million barrels per day, a crude oil price of about 70 dollars per barrel,” he said.

“We will target favourable sources of aid and grants, including public-private partnership (PPP),” he 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