Yobe State Governor, Mai Mala Buni said his administration planned to spend the sum of N217,000,000,000 billion for the 2024 fiscal year.
Buni disclosed this while presenting the 2024 Appropriation and Finance Bills before the State House of Assembly on Tuesday.
Tagged the “BUDGET OF CONSOLIDATION AND ECONOMIC RECOVERY”, Buni informed the lawmakers that N94,156,000,000 representing 43.39% of the budget is proposed as recurrent expenditure while N122,844,000,000 representing 56.61% is allocated to capital expenditure.
“The 2024 Budget is geared towards the completion of ongoing projects and funding of new ones.
“In the light of the financial constraints and our commitment to move the state forward, our budget for the year 2024 will prioritize key sectors and programmes that directly impact the lives of our citizens”, he said.
While highlighting the overall performance of the 2023 budget, the governor said it has achieved 58.2% success as of 30th September 2023, covering N94,859,528,492 for both recurrent and capital expenditures.
Let me use this opportunity to especially commend and appreciate the leadership and entire members of the Yobe State House of Assembly for your support and cooperation.
“The cordial working relationship between the legislative and executive arms of government has no doubt contributed to the modest achievements recorded by this administration”, he said.
The 2024 Finance and Appropriation Bills have passed the first and second readings with the Speaker of the Assembly assuring to give the Bills speedy scrutiny and pass them into law before the end of December 2023.