You are here
Home > ECONOMY > Borno: Education leads with N22bn as Shettima proposes N125bn in budget

Borno: Education leads with N22bn as Shettima proposes N125bn in budget

Governor Kashim Shettima on Monday in Maiduguri, presented ‎to the Borno State Assembly a budget of 125.8 billion naira for the 2019 fiscal year out of which 22.4 billion naira was allocated for completion of numerous projects in primary, secondary and tertiary schools including their equipping and management.
Shettima described the budget as his last, recalling that his first budget was presented on December 29, 2011.
Tagged “Budget of Consolidation” Shettima said the N125,828,310,000 proposed for both recurrent and capital expenditures, will be financed from Internally Generated Revenue of N17,498,355,000, Federation Account Allocation of N86,759,118,000 and Capital Receipt of N21,570,837,000.
The Governor announced also proposed capital expenditure ofN61,998,304,000 and recurrent expenditure of N63,830,006,000.
He explained that unlike in all previous years where capital expenditures were regularly higher than recurrent,for the 2019 fiscal year, capital expenditure is less because most capital projects are either completed or at various completion stages requiring funding.
He added that from the higher recurrent, government will use about 11 billion naira for payment of gratuities to retirees.
In sectoral allocations, three components of education: secondary, primary and tertiary schools were allocated N9.2 billion, N4.2 billion and N8.9 billion respectively amounting to N22.4 billion making it the highest recipient of resources.
Health sector followed with N15 billion, N11 billion was allocated for payment of gratuities through office of head of service captured under the N18 billion proposed for the Governor’s office through the SSG and the head of service fund some agencies and capital projects like the Abuja house in Abuja.
Other sectors like works and Transport was allocated N7.4 billion, Water Resources got N5.3 billion, Reconstruction, Rehabilitation and Resettlement got N4.7 billion, agriculture N3.9 billion, Environment got N3.4 billion while N3.1 billion was set aside for construction and maintenance of roads by the state roads maintenance agency.
Various sums were allocated to other ministries and government agencies for the 2019 fiscal year.
Earlier in his review of the 2018 Budget, Governor Shettima reeled series of projects, their locations and levels of completion spread across the state. He laid emphasis on the construction of 44 new Mega schools targeting about 50,000 children whose parents were killed by Boko Haram insurgents.
The Governor also reminded political office holders of the transient nature of power, saying the fact he was presenting his last budget should be a lesson about life.
The Governor later laid down the budget in the presence of lawmakers led by the Speaker of the Assembly, AbdulKareem Lawan who presided over the session.
Top