Connect with us


Bauchi State Govt budgets N168bn for 2018 fiscal year



Mohammed Abubakar

Governor Mohammed Abubakar of Bauchi State on Thursday presented N168 billion budget for 2018 fiscal year to the state’s House of Assembly.

Abubakar, while presenting the budget tagged “budget of consolidation” announced that N69 billion representing 41 per cent was for recurrent expenditure, while N100 billion representing 59 per cent was for capital expenditure.

He said Health, Education, Agriculture, Water Supply, Youth and Women Empowerment and Infrastructure Development would be given priority in 2018.

According him, the 2018 budget is based on the bench mark of 45 Dollars from 2.3 million barrels of oil per day and exchange rate of N305 to one Dollar, as well as robust and efficient system of Internally Generated Revenue (IGR) collection.

The governor added that the state government deliberately allocated 40:60 ratio of the budget to recurrent and capital to ensure development, noting that
attention would be given to completion of ongoing capital projects and commencement of new ones that were crucial.

Abubakar said recurrent revenue estimate would be generated from N13.12 billion from IGR and N101.47 billion as statutory allocation.

He noted that the recurrent revenue estimates comprised N28.53 billion as personal cost; N26.77 overhead cost; while N12.26 billion for consolidated revenue fund charges was made up of N7.5 billion Pension and Gratuity; N4.34 billion as Public Debt Charges/Debt Servicing while N918.44 billion for Public salary.

He explained that the government projected that the state would realise N53.35 billion capital receipts, N315 billion as opening balance and N15.21 billion from internal loans.

Other capital receipts were external loans N13, 26 billion, aids and grants N11, 17 billion and other capital receipts of N13. 39 billion.

Under capital expenditure, he said N7.23 was for administrative sector, N51.93 billion for economic sector, N35.37 billion to social sector, N3. 58 billion to regional sector, while N1.73 was to law and justice sector respectively.

He said “this administration will continue to place more emphasis on rehabilitation of primary and secondary schools, as well as tertiary institutions through capacity building of teachers and upgrading courses to degree level.

“We will fight poverty and provide employment for the teeming population of the state to accord attention to the agricultural sector towards food sufficiency as we believe it will have multiplier effect in creating jobs and wealth.

“We decided to purchase 1,000 units of power tillers, facilitate the empowerment of small scale farmers through Commercial Agricultural Credit Scheme Loans and rehabilitated three model farm training centres in the state,” the governor said.

He added that the state’s Ministry of Finance would give a breakdown of the entire budget and other policy guidelines of the government.

He urged people of the state to support government policies and programmes to enable the state to forge forward.

Click to comment

Leave a Reply

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

News4 weeks ago

NYSC: N33,000 approved as Corps members’ new allowance

News4 weeks ago

Buhari condemn killing of 13 people in Plateau, charges security agents

News4 weeks ago

Buhari can’t succeed with Femi Adesina, other liars around him – Omokri

News4 weeks ago

Amotekun not South-West’s plan to secede from Nigeria– Fayemi

Patience Ozonkwo embraces Globacom's upgraded network
sponsored5 days ago

Patience Ozonkwor embraces Globacom’s upgraded network

celebrity news4 weeks ago

Kobe Bryant and Wife agreed never to fly on same helicopter — Source

Sports3 days ago

Anthony Joshua should avoid Tyson Fury by all means now’ – Social media reacts to Fury’s win over Deontay Wilder

royal news2 weeks ago

He wanted to stick his staff of office into my eyes- Oluwo of Iwo speaks on why he attacked the Agbowu of Ogbagbaa

Metro4 weeks ago

Kobe Bryant: 9 bodies recovered from scene of helicopter crash

News4 weeks ago

Fans demand Kobe Bryant’s image used as NBA new logo

News4 weeks ago

Kobe Bryant: Wife Venessa’s first statement after husband, daughter died

music4 weeks ago

Naira Marley ft Ms Banks – Anywhere

celebrity news4 weeks ago

Aisha Abimbola’s son speaks on being maltreated by Lola Alao (video)

Breaking news3 weeks ago

Buhari departs for AU summit in Addis Ababa

News3 weeks ago

Kaduna revokes Abacha’s hotel over debt

celebrity news4 weeks ago

Why I removed shirt, begged for assistance — Sick actor Ernest Asuzu

News1 week ago

David Lyon’s sack: Buhari told to arrest, prosecute Oshiomhole immediately

naija news3 weeks ago

Shehu Sani speaks of how he was thrown to underground cell

naija news3 weeks ago

Buhari receives NYSC Corps members in appreciation of increased allowance

News3 weeks ago

Nigerian govt reduces visa fees for US citizens

OAU lecturer dies after welcoming set of twins
Viral3 hours ago

OAU lecturer who got ill after delivering set of twins is dead

News3 hours ago

Moment AMCON officials took over Buhari’s critic, Buba Galadima’s house over N900m debt

Entertainment4 hours ago

Davido talks of getting Chioma pregnant again

Ash Wednesday: 10 significance of the dust
ask4 hours ago

Ash Wednesday: 10 significance Christians observe the dust

Christians are being killed in Nigeria – Nnamdi Kanu cries out to ICC
News7 hours ago

Christians are being killed in Nigeria – Nnamdi Kanu cries out to ICC

Meghan Markle's father Thomas slams her for insulting The Queen and dumping every family
royal news8 hours ago

Meghan Markle’s father Thomas slams that she “insulted The Queen and dumped every family”

News9 hours ago

God didn’t answer my prayer on Olisa Metuh — Justice Okon Abang reacts after sentencing his course mate at Nigerian Law School to prison

Sports9 hours ago

Saudi Arabia to bid £400m to host Tyson Fury’s next fight against Wilder or Joshua

News9 hours ago

Olisha Metuh’s conviction shows Buhari’s anti-graft war is on course

NECO sacks 19 staff over certificate forgery
Education9 hours ago

NECO sacks 19 staff over certificate forgery

Sports9 hours ago

Police dismiss officer involved in the death footballer Kaka

Politics10 hours ago

Tinubu is qualified to be President in 2023 – APC

Metro10 hours ago

Crisis breaks out in Boko Haram camp, founder’s son killed

Metro22 hours ago

Ganduje bans ‘Almajiris’ from begging in Kano streets

Atiku Abubakar calls for reform of SARS
Metro1 day ago

Atiku calls for reform of SARS

Oluwo of Iwo finally accepts his 6 months suspension
News1 day ago

Oluwo of Iwo finally accepts his 6 months suspension

Metro1 day ago

DSS allegedly gives ‘anti-kidnapping manual’ to VIPs

Please save Nigerians from Buhari, Boko Haram – Pastor Giwa begs Trump
Press Release1 day ago

Please save Nigerians from Buhari, Boko Haram – Pastor Giwa begs Trump

Metro1 day ago

Insecurity: No going back on Amotekun – Lagos Assembly

Nigeria may face worse security problems – Buhari’s wife, Aisha
News2 days ago

Nigeria may face worse security problems – Aisha Buhari

Receive NEWS for free

Enter your email address to subscribe to receive news updates

Join 12,688 other subscribers