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2013: Bauchi Budgets N137bn as Kogi Proposes N130.9bn

05 Dec 2012

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Governor  Malam Isa Yuguda

Segun Awofadeji I and Shola Oyeyipo  
Bauchi state Governor, Malam Isa Yuguda, Tuesday presented a budget of N137.3 billion to the state House of Assembly for the 2013 fiscal year as against N132.5 billion spent last year.

Similarly, Kogi State Governor, Idris Wada, also presented N130,996,844,415 Appropriation Bill for 2013 fiscal year to the state House of Assembly.

But, Yuguda while presenting the Appropriation Bill to the state house of Assembly, said N63,348,292.151.00 was earmarked for recurrent expenditure, while the sum of N73, 993,816,176.00 was for capital expenditure.

Tagged “Budget of sustainable development”, the governor stated that the budget would target on the completion of ongoing projects and programmes of the present administration, as new projects would be embarked upon only where they become absolutely necessary.

Yuguda, who disclosed the budget would also be funded with money sourced from the capital market  noted that it will focus mainly in the areas of agriculture, health, education, water supply, youth and women empowerment, poverty alleviation and power generation.

Meanwhile, Wada while presenting the budget, which he described as “Budget of Transformation,” said it aimed to meet the aspiration of the people of the state, stressing that the capital expenditure would gulp N65,595,793,246.00, while recurrent expenditure would take N65,401,510,169.
With the 2013 budget which is about 3.5 per cent higher than the 2012 budget, the governor assures that: “The present administration will be making a paradigm shift to enable the state to meet its rising challenges.”

While assuring the people that there will be observable reduction in poverty level of the citizenry through provision of conducive environment for job creation, youths and women empowerment and widening of the economic base through promotion of economic activities and support for small and medium scales enterprises.

According to the governor, capital receipts comprising of opening of balance, transfer from consolidated revenue fund, internal and external loans and Bauchi State Development Bond had about  N74 billion.

According to Yuguda, “government had adopted measures to reinvigorate revenue generation, check financial linkages, promote probity as well as budget discipline. In the 2012 budget implementation, we faced a number of challenges. This was largely due to personnel and other overhead cost because of the security challenges faced all over the country.”

Receiving the budget proposal, the Speaker of the state House of Assembly, Hon. Yahaya Mohammed Miya, said the budget was a revolutionary document aimed at changing the fortunes of the state to greater heights with a view to developing all aspects of human endeavour.


Tags: News, Nigeria, Featured, 2013: Bauchi, Kogi Proposes

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