Yobe Assembly approves N163.9bn 2022 budget
The Yobe State House of Assembly has passed the 2022 finance and appropriation bills of over N163.9 billion for recurrent and capital expenditures.
The House passed the budget into law following the adoption of the report from its Standing Committee on Finance and Appropriation on the 2022 finance and appropriation bills.
Speaking shortly after the passage of the budget, the Chairman of the Committee, Hon. Chiroma Buba Mashio said in the 2022 budget estimate; a total of over N90.2 billion representing 55 per cent was allocated to recurrent services, while more than N73.6 billion, representing 44 per cent is for capital expenditure.
He also noted that the House has reduced the size of the proposed budget presented by Governor Mai Mala Buni by N101 million to ensure a realistic budget estimate.
READ ALSO: Gov. Buni presents N164billion budget for 2022
According to the Chairman, the budget will be utilized in the areas of improving commercial activities; provision of agricultural inputs for job opportunities to the teeming youth; basic infrastructure as well as completion of all ongoing projects among others.
He called on the Internally Generating Revenue Agencies in the state to ensure proper remittance of revenue to enable the state government to finance the 2022 budget for more dividends of democracy to the people of the state.
Presiding over the sitting, the Speaker of the House, Rt. Hon. Ahmed Lawan Mirwa commended the members for their various contributions towards the quick passage of the budget for the benefit of all electorates.
Follow the Neptune Prime channel on WhatsApp: https://whatsapp.com/channel/0029Va74ZvU2v1IqKByXoX3d
Do you have breaking news, interview request, opinion, suggestion, or want your event covered? Email us at neptuneprime2233@gmail.com
