The House jerked up the budget size with about N9 billion, against N181,886,56,555 presented by Governor Abdulfatah Ahmed on November 25.
With the adjustment made at the consideration of the report of the House Committee on Finance and Appropriation at yesterday’s plenary, the breakdown of the budget showed that the total capital receipt stands at N110,089,173,434, against N106,681,798,633 submitted by the governor, while the recurrent expenditure is pegged at N79,908,252,137, against N75,204,257,922.
Chairman of the Committee, Mashood Bakare, presented the report and was subjected to debate by members of the House.
In the new budget size, the total recurrent surplus, which is transferred to capital development fund, is now N41,921,359,879, against N39,263,985,078 earlier presented, with an increase of N2,657,374,801.
It has been revealed that the total internally generated revenue projected for 2018 stands at N38,336,131,710, contrary to N38,451,255,162 made available to the House.
It was further gathered that the statutory revenue from the Federation Accounts is N33,116,928,484, against the proposed N27,999,103,484.
Similarly, the capital expenditure in the 2018 budget passed by the House now stands at N110,089,173,434, against N106,681,798,633 projected in the appropriation bill presented by the Governor.
There is also provision for local government with N2 billion; State Universal Basic Education Board, N3 billion; Kaiama Road project N1 billion; energy, N250 million, and tertiary institution, N700 million.
KINDLY DROP A COMMENT BELOW