By Rauf Oyewole
Governor Inuwa Yahaya of Gombe State has presented a budget proposal of N320,110,000,000 to the State House of Assembly for consideration and passage into law, with capital projects taking 65 percent and 35 percent earmarked for recurrent expenditure.
The document tagged: "Budget of Resilience and Sustainability," is expected to address socio-economic challenges and promote sustainable development across the state.
Inuwa who presented the proposal on Tuesday explained that of the total budget, N111,087,215,000 has been allocated for recurrent expenditure, accounting for 34.70%, while N209,022,785,000 has been earmarked for capital expenditure, representing 65.30%.
Highlighting significant allocations to key sectors, the governor revealed that the economic sector receives the lion's share with over N138 billion, followed by works, housing, and transport with over N85 billion, and the social sector with approximately N59 billion.
Over N32 billion was allocated to health, education received more than N32 billion, higher education more than N15 billion, and water resources, environment, and forest resources more than N19 billion.
Recognizing the challenging economic climate, the Governor said his administration will implement fiscal reforms, reduce unnecessary spending, and mobilize private sector investment to maximize resource utilization and deliver impactful results.
In his remarks, the Speaker of the Gombe State House of Assembly, Hon. Abubakar Luggerewo, thanked the Governor for consistently prioritizing the needs of the people through his policies and programmes.
He acknowledged that the proposed 2025 budget aligns with the aspirations of the people of Gombe State, assuring the Governor of the timely and speedy passage of the appropriation bill to enable the government to continue its laudable projects across the state.
The Speaker expressed satisfaction with the implementation of the 2024 budget, highlighting achievements in health, education, urban development, road infrastructure, water reticulation, and other sectors.
0 Comments