July 25, 2024

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Gombe: Gov. Presents N154.6bn Proposed Budget For 2022 Fiscal Year

Ben Ngwakwe

Gombe State Governor, Muhammadu Inuwa Yahaya has presented a proposed budget of N154.6 billion for 2022 fiscal year to the state House of Assembly.

While presenting the proposed budget, the Governor said recurrent expenditure will gulp N69.117 billion representing 44.7 per cent of the budget even as capital expenditure will take N85.493, representing 55.3 per cent of the budget sum.

Yahaya explained that: “this is envisaged to be financed by an estimated recurrent revenue of seventy three billion, six hundred and twenty six million seven hundred and eighty none thousand naira (N73,626,789,000.00) and capital receipts of seventy nine billion, eight hundred and sixty five  million and forty five million naira (N79,865,000,000.00.”

He told the Assembly the estimated closing balance, which he put at N4.881billion.

The governor reeled out sectoral allocations, works and infrastructure with the highest allocation of N20.910 billion, while Science, Technology and Innovation received the lowest followed by  information and culture which got the allocation of N405million.

Gov. Yahaya

Yahaya further explained that: “our administration developed and launched the first Gombe State 10-year development plan (DEVAGOM). The 2022 budget draws heavily on the aspirations of this development agenda around its five strategic pillars namely; governance and administration, s development, economic development, infrastructural development and sustainable environment.”

In his address, the Speaker, Gombe State House of Assembly, Hon. Abubakar Mohammed Luggerewo commended the governor for massive development he has brought to bear in the state.

The Speaker however acknowledged, “the good working relationship and mutual respect existing between the state Legislature, Executive and Judiciary which is midwived by hisExcellency through administrative skills and humility.”