The approved budget, which was tagged as the Budget of Rescue, was passed by the Zamfara State House of Assembly last Friday.
A statement released on Saturday by the spokesperson for the Governor, Sulaiman Bala Idris, said the budget estimate has N118,358 allocated for recurrent expenditure, which is 27 per cent.
Similarly, the sum of N308,205, which is 75 per cent, was allocated for capital expenditure.
He added that the Budget of Rescue would enhance domestic and foreign investments, productivity, and ease of business in Zamfara State.
The statement read in parts, “The 2024 budget signed by Governor Lawal prioritises six critical sectors for Zamfara State’s development: security, education, agriculture, health, infrastructure, and others.
“The budget has the following estimates: Administration – N72,093,326,763 (17%); Economic Sector – N244,729,584,729 (57%); Social Sector – N103,139,659,508 (24%); Law and Justice Sector – N6,601,100,000 (2%).
“Furthermore, the assented 2024 budget has estimated on sub-sectors: Agriculture – N38,144,000,000; Education – N51,370,787,508; Health – N33,922,370,000; and Infrastructure & Urban Development – N109 billion.”
The rescue budget has allocated sufficient funds for social intervention programs to mitigate the impact of the current economic difficulties and insecurity.
“These programmes include micro-credit disbursement to Small and Medium Enterprises, the FADAMA Program for food security, and other initiatives to reduce poverty. We will also be strengthening our Skills Acquisition programs to provide job opportunities to our large population in the state.
“The approved budget is consistent with the strategic plan of Governor Lawal’s long-term vision. It emphasizes citizen-nominated projects, and some programs are also considered to have a direct bearing on the yearnings and aspirations of our people.
“The proposed budget is balanced as the projected revenue equals the estimated expenditure,” the statement read.
