From :Segun Babatunde in Gombe
Gombe State Governor, Alhaji Muhammad Inuwa Yahaya, has presented the sum of N154,610,614,000.00 billion appropriation for the 2022 fiscal year to the State House of Assembly.
Tagged “Budget of Consolidation”. The Governor said ” this is because we intend to consolidate on gains made over the past 2 and half Years in the service of our people”.
Addressing the Legislature, Thursday afternoon, Governor Inuwa said the proposal is made up of Sixty-Nine Billion, One Hundred and Seventeen Million, Two Hundred and Fourteen Thousand Naira (N69,117,214,000.00) as recurrent expenditure. This represents 44.7% of the total budget.
Also, Eighty-Five Billion, Four Hundred and Ninety-Three Million, Four Hundred Thousand Naira (N85,493,400,000.00) stands for capital expenditure which represents 55.3% of the budget sum.
The Governor said, “this is envisaged to be financed by an estimated recurrent revenue of Seventy-Three Billion, Six Hundred and Twenty-Six Million, Seven Hundred and Eighty-Nine Thousand Naira (N73,626,789,000.00)”.
According to him, capital receipts of Seventy-Nine Billion, Eight Hundred and Sixty-Five Million Naira (N79,865,000,000.00) is expected while an estimated closing balance of Four Billion, Eight Hundred and Eighty-One Million, One Hundred and Seventy-Five Thousand Naira (N4,881,175,000.00).
On the sectoral allocation, the economic Sector sector got N57,913,100,000.00, Social Sector N20,599,200,000.00, General Administration N4,374,000,000.00
while Law and Justice N2,607,100,000.00.
Speaker of the Gombe State House of Assembly, Mohammad Abubakar Luggerewo, assured the Governor that having fulfilled a vital constitutional requirement of scrutinising his submission for subsequent passage into law based on section 121 of the constitution, the House will give it an expeditious legislative scrutiny and passage to enable him continue to implement all his laudable development policies and programmes.