Yobe Government budgets N92.1bn for 2018


World Teachers Day Celebration Online Quiz for Nigerian Teachers (Win FREE N500 Airtime) – Click Here to Participate for FREE!

Alhaji Ibrahim Gaidam, Yobe State governor presented a budget of N92.1 billion to the state House of Assembly for the 2018 fiscal year. Presenting the budget, Gaidam said the budget has 10 per cent increase to the N82. 5 billion budgeted for the outgoing 2017 fiscal year.

According to him, the sum of N47.4 billion representing 51.5 per cent, was for recurrent expenditure while, N44.7 billion representing 48.5 per cent was for capital projects.

Read Also  Wike Releases Names Of Suspected Kidnappers, Cultists, Robbers In Rivers (See List)

The 2018 budget christened “Budget of consolidation and socio-economic rejuvenation’’ would concentrate on revitalisation of education, provision of accessible and affordable healthcare services, agricultural development and infrastructural development.

He said the budget would be financed with treasury opening balance of N4 billion, Internally Generated Revenue (IGR) of N4.497 billion, statutory allocation N36,8 billion, Value Added Tax N8.5 billion and Ecological fund N2 billion.

Others he said, were Excess crude N4 billion, Internal loan N15.3 billion and External loan of N490 million, among others.

Download e-books for education and research for FREE - Click Here

Read Also  Four Feared Dead, Six Injured As Smugglers, Customs Clash

The governor assured that government would promote irrigation, fishery and livestock farming for job creation and poverty alleviation. While reviewing the 2017 budget, the governor said government had achieved 82 per cent success on its implementation.

Follow Us on FACEBOOK, TWITTER

Get the latest BREAKING NEWS inside your e-mail address inbox; fill the form below and click the subscribe button
English Premier League – Fixtures, Results and Table - Click Here Nigeria Premier Football League – Fixtures, Results and Table - Click Here

Do You Know Nigeria? Attempt 10 simple questions on Nigeria for FREE and Win FREE N500 Airtime – Click Here to Participate!

For your news articles, press release, Breaking News, send e-mail to [email protected]

Read Also  Allow The Courts To Impose Travel Ban On Suspected Looters – Femi Falana

Read Related News....