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Friday, March 24, 2023

Gov. Sule Presents 2022 Budget Estimate Of Over N109 bn to Nasarawa Assembly

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The Nasarawa state Governor, Engr. Abdullahi Sule has presented the total of One Hundred and Nine Billion, Eight Hundred and One Million, Five Hundred and Twenty-Four Thousand, Eight Hundred and Seventy-Nine Naira, Forty-Nine Kobo (N109,801,524,879.49) for the 2022 budget appropriation bill to the Nasarawa State House of Assembly.

The proposed budget Tagged, “Budget of Sustainable Transformation,” has a recurrent expenditure estimate of Seventy Billion, Eight Hundred and Ninety-One Million, Five Hundred and Eighty-Two Thousand, Four Hundred and Fifty-Eight Naira, Fifty-Seven Kobo (N70,891,582,458.57) only, representing 64.56 per cent while capital expenditure projection is Thirty-Eight Billion, Nine Hundred and Nine Million, Nine Hundred and Forty-Two Thousand, Four Hundred and Twenty Naira, Ninety-Two Kobo (N38,909,942,420.92) only, representing 35.44%.

The budget framework shows the difference of Five Billion, Nine Hundred and Twenty-One Million, Two Hundred and Eighty-Nine Thousand, Six Hundred and Sixty-Three Naira, Fifty-One Kobo (N5,921,289,663.51) only, representing 5.11% decrease against the 2021 appropriation.

Presenting the budget before the house, Governor Sule assured that his government would have close monitoring of the budget implementation to ensure discipline and adherence to beat global practices.

Sule said, his administration is determined to complete all ongoing projects to ensure the total transformation of the state for economic growth and development of the citizens.

Ibrahim Abdullahi, the speaker Nasarawa state house of assembly while giving his address expressed that the synergy between the house and the Executive arm of government has been instrumental in ensuring rapid development in the state and assured the governor that the house would work on the budget with the needed speed and detailed consideration.

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