GOVERNOR IBRAHIM GAIDAM of Yobe State, presented N91.6bn budget estimate for the 2019 fiscal year to the State Assembly. He tagged it: “Budget of Consolidation”, and designed to “attain the agenda of his administration for developing the state”.
He proposed N41.6 billion for capital expenditure and N49.9 billion for recurrent expenditure. Projected income to finance the budget is expected to be generated from Treasury Opening Balance, Internally Generated Revenue, IGR, Statutory Allocation and Value Added Tax, VAT.
Other areas of funding the Budget are Ecological Fund, Stabilization Fund, and Excess Crude Oil which totaled N77.9 billion. On senatorial allocations for capital and recurrent expenditures, the “Economic sector is estimated to consume N3.6 billion, Governance N17.4 billion and Regional N4.4 billion”.
“While Law and Justice is estimated to consume N2.2 billion, Social sector is estimated to consume N36.8 billion in both capital and recurrent expenditures”.
