Gov. Abubakar presents N196.7bn budget to Bauchi Assembly for 2019

                        

The Bauchi State Governor, Mohammed Abdullahi Abubakar has presented a 2019 budget estimate of N196.7 billion before the Bauchi State House of Assembly with a priority on the areas of health, education, agriculture, water supply, youth and women empowerment and infrastructural development.

This was contain in a press statement signed by the Press Secretary to the Governor, Abubakar Al-Sadique and made available to DAILY POST saying the budget proposal which is put on ratio of 40:60 recurrent and capital expenditure respectively, emphasises on the completion of all ongoing projects and programmes, while embarking upon on new ones only where they become necessary.

The 2019 budget estimate has N79.2 billion, or 40% on recurrent expenditure while capital expenditure receives N117.5 billion, representing 60% of the total budget estimates, which the Governor said is a clear “demonstration of our resolve to the provision of infrastructure which is the bedrock for economic development of the State.”

Under the recurrent estimates in the 2019 budget, N125.5 is estimated as recurrent revenue, made up of N17.141 billion internally generated revenue and N108.3 statutory allocation, whereas N79.196 is estimated as the recurrent expenditure.

The recurrent expenditure is broken down into N35.3 billion personnel cost, N26.399 overhead cost and N17.488 as consolidated revenue charges. The consolidated revenue fund comprises of N10 billion as pension and gratuity, and N6.672 billion for public debt charges/debt servicing.

The Governor explained that the 2018 budget has been largely successful as the economy is beginning to stabilise, owing to prudence in management of meagre resources in government coffers.

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“Out of the budgeted recurrent revenue of N101. 4 billion naira, the sum of N64.4 billion was realised, representing 63.49% as at June 2018, while independent revenue generation was N6.8 billion as at September, 2018,” the Governor explained.

According to him, the projected capital receipts in 2018 stood at N53.143 billion and the sum of N21.260 billion, representing 39.78% was recorded as actual receipts as at June 2018, while aids and grants actual receipts as at June 2018 stood N8. 129 billion.

He said the path to growth has always been difficult, but not insurmountable, and pointed out that tremendous achievements have been recorded in the face of the difficult situation under which the administration came into being.

While observing that Bauchi is gradually moving up the ladder in terms of economic development due to the administration’s efforts in investing in sectors that are key to the economic development of the State, Governor Abubakar observed that the nation’s economy is gradually being recovered, resulting in the growth being experienced at both state and national levels.

“Bauchi State and indeed the entire country is on the path of growth as major economic indicators such as employment, inflation, Gross Domestic Product, exchange rates, and foreign reserves are all moving positively,” he said.

“The change mantra of our great party, the APC, is no more a slogan but a legacy of prudence, accountability, transparency and openness. This legacy will further be maintained by moving the State to the next level of prosperity, economic growth, security, and the general well-being of our people.”

The Governor thanked the citizens of the state for refusing to be “deceived by agents of transgression” because the struggle for leadership in Bauchi state and indeed the country as a whole is a fight between the liberation of the masses through sustained economic growth within the context of equity, fairness for a better life of dignity which the APC stands for and continuity with the old order of massive corruption with impunity as personified by the opposition.”

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He applauded the confidence reposed on his administration, and assured them of his commitment towards fulfilling the covenant upon which he was elected into office. He promised to take the state to greater heights by bringing the dividends of democracy to the doorsteps of the citizens.

Mohammed Abubakar also thanked the leadership and membership of the House for the cooperation they have been extending to him the last three years, “which has given us the required legislative backing to discharge our mandate towards improving the lives of our people”.

In his remarks, Speaker of the State House of Assembly, Kawuwa Shehu Damina assured that the budget proposal will be given accelerated attention to enable the Executive continue with its laudable development of the state.

He also commended the Governor for the implementation of the 2018 appropriation which he said has impacted positively on the lives of the people of the state.

Meanwhile, at a Press conference where he gave the breakdown of the budget to newsmen in his office, the Commissioner, State Planning Commission, Magaji Dambam, said that the budget was predicated on the assumption of oil price output of 2.3 million barrels per day, a benchmark of oil price of US$60 per barrels and an exchange rate of N305 to the US$.

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He said that under the Capital Expenditure the Economic Sector will gulp the highest with N57, 358, 927, 214, the Social Sector also gulps N41, 755, 750, 315 adding hat the Administrative Sector will get N10, 578, 827, 206 while the Regional and Law and Justice Sectors got N5, 506, 151, 972 and N2, 325, 777, 611 respectively.

For the Recurrent Expenditure, Dambam said Personnel Cost will gulp N35, 309, 207, 097, Recurrent Services has N6, 672, 841, 866.

According to the Commissioner, the government is expecting N65, 057, 024, 168 as Statutory Allocation/Excess Crude from the federal government and Value Added Tax of N21, 861, 483, 877.

He said that the government will also finance the budget with Refund from Statutory and Other Sources Aids and Grants and Independent Revenue of N21, 474,838, 698, N20, 723, 382, 525 and N17, 141, 580, 525 respectively.

He added that Capital Receipts stands at N13, 533, 450, 000 with the Education Sector having the highest allocation of N41, 472, 337, 266 representing 21.8%of the total budget pointing out that the the sum of N31, 326, 287, 433 which represents 16.02% was allocated to the Health Sector.

The Agriculture Sector, according to him, was allocated N10, 791, 551, 005 representing 6% saying,”Government intends to build 500 kilometer of Rural Roads across the state in 2019, through the Rural Access and Agricultural Marketing Project (RAAMP)”.

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