The Governor of Borno state, Kashim Shettima, on Thursday presented a budget of N170 billion for the 2018 fiscal year.
The state’s education sector got the highest allocation of N26 billion.
The proposed budget is lower than the current 2017 budget by over N13 billion which represents 7.38 percent reduction.
Mr. Shettima, who presented the budget before the state House of Assembly, christened the new fiscal bill as Budget of Resettlement and Empowerment.
He said the main thrust of the proposed budget would be the welfare of the IDPs especially their resettlement and restoration of their dignity which has been eroded by nearly a decade of ongoing Boko Haram insurgency.
Giving a breakdown of the budget, the capital expenditure takes N108,408, 580, 000 while the recurrent expenditure takes N61, 870, 934,000.
In the sectoral breakdown, the education sector takes the lion share of N26 billion which represents 15 percentage of the total figure.
Agriculture gets N8,064, 745,000, while the health sector, N17, 709 , 860,000. The ministry of Reconstruction Rehabilitation and Resettlement takes N9, 816, 521, 000 while that of Works and Housing got the second highest share of N22, 666, 858,000.
The governor said his administration would focus on massive rural and township road reconstruction in the coming year.
“We are going to make all these projects possible in the first six months of 2018.”
The state attorney general and commissioner for justice, Kaka Shehu Lawan, said the basis for reducing the proposed budget by N13 billion was informed by the imperatives of the state as well as to avoid taking unnecessary loans.
“We want a realistic budget that would be implementable,” he said.
The Speaker of the Borno state House of Assembly, Abdulkarim Lawan, commended the state government for implementing the 2017 budget significantly even as he promised a speedy passage of the budget to enable the government commence it’s new financial year on time.
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...