Yobe state governor, Mai Mala Buni on Thursday, presented thevsum of N164,054,384,000 billion as budget proposal for 2022 fiscal year before the State House of Assembly.
Tagged, ‘Budget of Continuity, Empowerment and Accelerated Development’, the governor said the 2022 budget is more than the previous budget by 17.3%.
“Recurrent expenditure is to gulp Ninety One Billion, Four Hundred and Twenty Five Million, Seven Hundred and Forty Three Thousand naira (N91,425,743,000), while Seventy Two Billion, Six Hundred and Twenty Eight Million, Six Hundred and Forty One Thousand Naira (N72,628,641,000) is allocated to finance capital expenditure”, Buni said.
According to the governor the review of government’s performance in the outgoing fiscal year constitutes a good background for the presentation of what his administration outlined to achieve in the incoming fiscal year.
“In the year 2022, we intend to maintain our policy on prudent management of resources, observance of due process, ensuring good value for money, completion of all ongoing projects, provision of basic infrastructure, general increase in agricultural production, improving commercial activities and enhancement of Internally Generated Revenue for speedy post-insurgency recovery and development”, he maintained.
He also noted the, the Sectoral and Ministerial allocations contained in the estimates of the 2022 Budget are based on Yobe State Socio-Economic Reform Agenda (YOSERA IV) where
cost of governance has the highest allocation of over N56.941 billion representing 34.7%, followed by works, housing and transport with more than N29.840 billion that is 18.2%, while education is third with N28.728 billion representing 17.5% among others.
“It is pertinent to note that in spite of the global economic meltdown, the overall performance of the 2021 budget was therefore, Ninety Two Billion, Six Hundred and Fifteen Million, Eight Hundred and Nine Thousand, Three Hundred and Forty Two Naira (N92,615,809,342) indicating 66.21% success.
“The rate of performance is expected to further increase before the fiscal year elapsed,” he said.
Governor Mai Mala Buni commended President Muhammadu Buhari for approving eight billion naira (N8,000,000,000) for the completion of the Damaturu regional water supply.
” It is gratifying that work has commenced on the project and currently ongoing. This will no doubt complement our efforts in providing adequate and safe drinking water to our people. ” Buni said