Governor Mukhtar Yero of Kaduna State has presented a budget proposal of N203,700,855,271 to the State House of Assembly for the 2015 fiscal year even as Plateau state governor, Jonah Jang has also presented the state budget estimate of N215,465,835,418 to the State House of Assembly. The Plateau state budget decreases by N10 Billion when compared to the 2014 budget of N225,058,026,306.
Presenting the budget on the floor of the House today, governor Yero said the budget of was made up of N72,788,841,776 (Seventy Two Billion, Seven Hundred and Eighty Eight Million, Eight Hundred and Forty One Thousand, Seven Hundred and Seventy Six Naira only) for the recurrent expenditure.
This, he said represented 35.72 per cent of the total budget while the capital expenditure was put at the sum of N130,912,013,495 (One Hundred and Thirty Billion, Nine Hundred and Twelve Million, Thirteen Thousand, Four Hundred and Ninety Five Naira only), translating to 64.28 per cent of the budget.
The governor added that the 2015 budget tagged ‘Budget of Consolidation and Continuity, was based on the administration’s determination to ensure the completion of all ongoing projects in the state.
According to the governor, the capital expenditure for the 2015 budget is categorised into four broad sectors including Economic Sector with an allocation of N42,741,440,735
The social sector, he added, was allocated N37,527,103,840 while the regional and general administration sector got N23,124,954,255 and N27,518,514,695 respectively, bringing the total to N130,9bn.
The breakdown of the budget shows that Works and Transport receive the lion share of N29.4bn followed by Education with N20.5bn while allocations to other key sectors include Water Supply, N16.8bn; Health, N12.2bn and Agriculture, N7.17bn.
The governor told the lawmakers that his administration would give priority to completing ongoing projects across the state, which he noted, would facilitate the movement of goods and people for the economic growth of the state.
Also presenting the budget Plateau state budget, christened Budget of Transition and Inclusive Growth (V) to the Assembly in Jos, governor Jang said the budget was made up of N92,494,335,822 recurrent estimate, representing 42.93 per cent while N122,971,499,596 is for capital estimate, representing 57.07 per cent.
He said the budget would focus on the completion of ongoing projects and ensure a gradual transition of the present administration and smooth take-off of the incoming administration.
Jang said, “Through this budget, we are responding to series of challenges, which include accelerating inclusive growth and development in the face of challenges in both the domestic and external environment; investing in key infrastructure such as road, water, education, health and Information Communication Technology as the foundational base for sustainable growth and development; and renewing our commitment to progressively deliver on our constitutional mandate of securing the lives and property of our people in both the urban and rural areas.”
The governor added that the focus would be on agricultural development for employment and income generation.
Jang said the 2015 budget would be funded from Internally Generated Revenue, which has an estimate of N16.8bn while N43,69bn would be for the Statutory Revenue Allocation, showing a drop of 6.41 per cent from last year.
“Sure-P is projected at N2,617,036,075, and expects re-reimbursements from the Federal Government on intervention on federal roads, which is N15.3bn
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