Nigeria News

Shettima Presents N175bn Budget for 2015 as Benue Budgets N98.5bn

 Governor Kashim Shettima of Borno State on Tuesday presented a budget proposal of about N175 billion for the 2015 fiscal year to the state House of Assembly in Maiduguri for approval.

Shettima said the proposal, tagged ‘Budget of Fulfillment,’ comprised N62 billion recurrent and N113 billion capital expenditures.

He explained that the budget would be financed through N98 billion statutory allocation, N39 billion Internally Generated Revenue (IGR) and N38 billion capital receipts.

Shettima said the budget was aimed at completing all ongoing projects and introducing viable ones that would have positive impacts on the lives of the citizenry.

“The main target is to improve the living standard of the people and boost the economy of the state.

“The budget is aimed at mobilising available resources to ensure the attainment of targeted goals,” he said.

The News Agency of Nigeria (NAN) reported that the Ministry of Works got the highest allocation of N23 billion in the budget.

The Ministry of Health got N17 billion and the Ministry of Education N14 billion, to place second and third respectively.

Others included the Ministry of Higher Education, N12 billion and the state Universal Basic Education Board (SUBEB), N11billion.

Also, Governor Gabriel Suswam of Benue State presented a budget estimate of over N98, 545,599.853 billion to the state House of Assembly.

Presenting the budget tagged: ‘Budget of consolidation’, the governor said that his government had proposed the sum of N52,827,072,284 for recurrent expenditure while the sum of N45,718,527,569 was for capital expenditure.

Suswam said the budget was premised on the fact that revenue accruing from the federation account would remain stable, leakages of revenue siphoning would be blocked,  government  policies as well as proper arrangement would be made to accommodate political activities.

He said the sharp drop in the 2015 estimate as against the 2014 of N108 billion is as a result of the decline in revenue from the federation account, adding that it’s also as a result of the drop in oil price.

Suswam allocated  N25, 553,991,000 to the education, health care and women affairs; N2,343,019,200 to conduct local government areas; N1.4 billion for pension; N19,093,937,000 and another N725,000.000 for the agriculture sector while the law and justice sub-sector and the regional sub-sector would gulp N1.3 million and N200,000,000 respectively.

He promised to ensure payment of salaries of civil servants and implement government programmes, as well as complete all ongoing projects and ensure security during the 2015 elections.

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