Masari signs 2022 appropriation bill of N323b into law
• El-Rufai endorses N278.58b budget
• As Kwara gov presents estimates of N189.4b to Assembly
Katsina State Governor, Aminu Masari, yesterday, signed the 2022 budget of N323.2 billion earlier passed by the state House of Assembly into law.
The budget was reduced by over N17 billion, as the governor had presented N341 billion to the House in November for consideration.
During the signing ceremony at the Muhammadu Buhari House, Masari commended the lawmakers for the speedy passage of the law.
He said the Budget of Economic Resilience would be skewed towards completing ongoing projects initiated by the administration, adding, however, that some of the new projects included in the budget, had been programmed for completion on or before the end of his tenure.
The governor called for diligence and discipline by stakeholders in its implementation.
Earlier, Speaker of the House of Assembly, Hon. Tasiu Maigari, said the budget was reduced from N340.9 billion to N323.2 billion after its various House committees rigorously debated it.
Maigari expressed the hope that the budget would be executed to meet the yearnings of Katsina people, especially in addressing insecurity and provision of infrastructure needs across the state.
ALSO, Kaduna State Governor, Nasir El-Rufai has signed the 2022 budget of N278.5 billion, assuring residents of the state that the budget will be implemented to advance public welfare, develop human capital and infrastructure.
The ceremony, which held at the Council Chambers of the Kashim Ibrahim House and attended by Speaker of the House of Assembly, Hon. Yusuf Zailani, principal officers of the House, commissioners and other aides of the governor.
El-Rufai said he was pleased that Kaduna State was signing its appropriation bill into law for the seventh consecutive year, ahead of January 1.
MEANWHILE, Kwara State Governor, AbdulRahman AbdulRazaq, yesterday, presented the 2022 budget of N189 to the House of Assembly with capital expenditure of 55.3 per cent and recurrent expenditure of 44.7 per cent.
He explained that the budget is 12.5 per cent higher than the revised budget of 2021 and focuses on completing ongoing projects and initiating new ones during the year.
“The 2022 budget proposal has been designed to sustain the growth we have recorded. It is, therefore, tagged: Budget of Sustained Reformation for Inclusive Growth.”
He noted that the budget was anchored on the assumption of oil price of $57 per barrel; oil production estimate of 1.88 million barrels per day; exchange rate of N410 per US Dollar and projected Gross Domestic Product (GDP) growth of 4.20 per cent and inflation closing at 13 per cent.
“Funding windows include federal allocation, internally generated revenue (IGR), the bond already accessed and Federal Government’s bridge financing,” he said.
AbdulRazaq, who was accompanied by cabinet members and party leaders, commended the lawmakers and the people of the state for their support in realising his administration’s goals.