Gombe, Yobe propose N154.6b, N164.1b budgets for 2022
Governor Muhammad Yahaya of Gombe State, yesterday, presented a 2022 budget proposal of N154.6 billion to the House of Assembly, while his Yobe counterpart, Mai mala Buni, presented an estimate of N164 billion.
According to Yahaya, the proposed budget has N69.177 billion (44.7 per cent) as recurrent expenditure and N85.493 billion (55.3 per cent) for capital projects.
He added that the proposal was envisaged to be financed by an estimated recurrent revenue of N73.6 billion, and capital receipts of about N80 billion.
The estimated closing balance is N4.881 billion, he told the lawmakers.
According to him, works and infrastructure took the lion’s share of N20.910 billion, while science, technology and innovation got the least allocation of N216 million.
FOR Buni, the Yobe budget will consolidate post-insurgency recovery and economic rejuvenation.
Presenting the appropriation bill to the House of Assembly, yesterday, in Damaturu, he disclosed that the 2022 estimate increased by 17.3 per cent over the N106.9 billion of 2021.
He said capital expenditure got N72.63 billion, while recurrent stood at N91.43 billion.
Sources of financing the 2022 Budget of Continuity, Employment and Accelerated Development (CEAD) are contained in the details of the Appropriation and Finance Bills, he noted.
In the Yobe 2022 budget, governance took the lion’s share of N56.94 billion, while the works, housing and transport sector was allocated N29.84 billion.
Education followed with N28.73 billion, water got N2.9 billion, while law and justice was allocated N6 billion.