Sani said the budget tagged ‘Budget of Rural Transformation for Inclusive Development’ has a capital budget size of N318.8bn and recurrent spending of N139.4bn representing a capital to recurrent ratio of 69.57 per cent to 30.43 per cent
He said education has the lion’s share of N115.4bn or 25.19 per cent of the budget while the state would be spending N71.6bn or 15.63 per cent on the health sector.
Speaking further while presenting the budget to the lawmakers, the governor said the draft budget prioritises capital spending following the Sustain Agenda of his administration.
He said, “To this end, we propose to spend N115.4bn or 25.19 per cent on education, N71.6bn or 15.63 per cent on health, and the sum of N93.5bn which is one-fifth of the budget or 20.42 per cent is allocated to the economic sector, including agriculture, public works and infrastructure, and housing.
“The recurrent expenditure estimates, personnel cost N74.9bn; overhead cost, N39bn; public debt charges, N25bn amounting to N139bn as a recurrent expenditure with NET recurrent revenue at N85.9bn.
“Transfer to capital budget recurrent revenue stands at N225.3bn and less recurrent expenditure N139bn while recurrent budget surplus amounts to
N85.9bn.
“The total capital Budget amounts to N318.8bn with agriculture having N22.5bn; business, innovation and technology N1,247,820,401.08, housing and urban development N7,944,705,910.23; public works and infrastructure N57,131,513,937.34 having total for sub-sector: Economic standing at N88,873,910,283.75.”
In his response, the acting Speaker, Henry Danjuma-Magaji, promised that the House would scrutinise the budget and provide constructive insights that would enhance its impacts on the lives and livelihood of the people of the state.
