Osun State Governor Rauf Aregbesola yesterday presented a N173,980,083,007 budget for 2018 to the House of Assembly.
The budget is N27 billion larger than that of 2017, which stood at N146.6 billion.
The “Budget of Enduring Legacy”, Aregbesola said, is anchored on his administration’s commitment to make living conducive for the people.
According to him, the budget will be financed from allocation in the Federation Account N27 billion (15.56 per cent); Value Added Tax N8.8 billion (5.10 per cent).
He said: “Others are excess crude account N77.7 billion (0.04 per cent); other revenue from FAAC ý(N5,052.6 billion – 2.90 per cent); personal and corporate taxes (ýN25.1 billion -14.45 per cent) and N9.7 billion (5.58 per cent), among others.
”Our ultimate goal for the 2018 udget is to ensure a continuous improvement in the welfare and standard of living of our people.
“This will be achieved by consolidating our previous achievements, and doing everything possible to recover the state’s lost glory”
The Speaker, Najeem Salam, hailed Aregbesola for delivering good governance and his faithfulness to his campaign promises.
He promised that the budget will get swift attention.
enugu State Governor Ifeanyi Ugwuanyi has presented a N98.5 billion budget to the House of Assembly.
He noted that it is his third budget presentation aimed at sustaining economic growth.
The “Budget of Sustainable Economic Growth” has a capital expenditure of N37.84 billion and recurrent expenditure of N60.776 billion.
The Ministry of Works got the highest allocation, followed by Education, with N6.238 billion.
Others are Health (N3.7 billion); Rural Development (N2 billion); Housing (N1.18 billion); Water Resources (N782 million); Agriculture (N707 million) and Commerce and Industry (N250 million).
On expected receipts, Ugwuanyi said the government would get N43 billion from statutory allocation and N2.5 billion from Internally Generated Revenue (IGR).
The governor said the budget was articulated in line with the state’s mid-term expenditure frame work, whose basis was formed by the success of the 2017 budget.
“It’s a multi-year prospective budget and our determination is to surpass the past achievements,” Ugwuanyi promised.
The Speaker, Edward Uboshi, promised that the budget will get accelerated passage.
borno State Governor Kashim Shettima yesterday presented a budget of N170 billion for 2018 to the House of Assembly.
The “Budget of Resettlement and Empowerment”, Shettima said, would be financed from expected Internally Generated Revenue (IGR) of N116, 075,548,000.00; allocations from the Federation Account of N115, 734,194,000.00 and Capital Receipts of N36,469,772,000.00.
The budget has a recurrent expenditure of N61, 871, 934, 000.00 and capital expenditure of N108, 408, 580,000.00.
The 2018 budget is N13.5 million, representing 7.38 per cent, lesser than the 2017 budget.
Education got the highest share of N27 billion, followed by the Ministry of Works and Transport, which got N22 billion.
Ministry of Women Affairs and Social Development got the lowest allocation of N1.8 billion.
The Speaker, Abdulkareem Lawan, promised that the House will ensure the quick passage of the bill to enable the government carry out its responsibilities.
Bauchi State Governor Mohammed Abubakar has presented a budget of N167.9 billion for the 2018 fiscal year.
The “Budget of Consideration”, Abubakar said, will prioritise Agriculture, Education, Health, Water Supply, Roads, Women and Youth Employment.
The estimate has a recurrent expenditure of N68.7 billion and capital expenditure of N99.8 billion.
The revenue expenditure is N114,600,617,381; the government projects an internal revenue generation of N13.11 billion, and statutory allocation of N101,474,233,151.
The Speaker, Kawuwa Shehu Damina, promised that the budget will be given accelerated treatment.
He, however, vowed that “the budget will undergo the deserved scrutiny as the House of Assembly could not deviate from its constitutional responsibility”.
He urged Ministries, Departments and Agencies (MDAs) to give maximum support to the House Committees during the defence and oversight functions.
The House of Assembly proceeded on recess yesterday, to resume plenary on February 5, after the budget was referred to relevant committees to study.