Borno State Governor, Babagana Zulum addressing lawmakers at the floor of Borno State House of Assembly
By SADIQ ABUBAKAR, Maiduguri –
Borno State Governor, Babagana Zulum on Wednesday presented a budget proposal of the sum of N340,619,836,000.00 as Appropriation Bill for the 2024 fiscal framework, which is made up of N198,293,223,000.00 in capital expenditure and N142,326,613,000.00 in expenditure to be financed from the recurrent revenue of N206,803,053,000.00, which comprises of FAAC revenue and Internally Generated Revenue (IGR).
The budget which is tagged, ” Budget of Consolidation and Progress”, he said will also be financed by capital receipts of N128,816,783,000.00, comprising of aid and grant as well as capital development funds.
Addressing the 27 members of the State House of Assembly at the floor of the house chamber, Governor Zulum added that the projection of the 2024 budget is predicated on the Federal Government’s fiscal forecast for the 2024–2026 Medium Term Expenditure Framework (MTEF).
According to him, the Internally Generated Revenue (IGR) forecast was adopted with some indications to reflect on the current realities within our purview while the 2024 projections are therefore predicated on a Crude Oil Benchmark of US $77 per barrel and a daily production of 1.5 barrels per day.
He explained further that the proposed budget was projected on National inflation rate of 21.4% and a national GDP growth rate of 3.76%, as well as a proposed exchange rate of N750 per US dollar.
The sectoral allocations of the 2024 Appropriation Bill has Ministry of education, science, technology and innovation with the highest sectoral allocation N39,435,468,000.00 and ministry of with the lowest allocation.
The sectoral allocations break down include Ministry of Agriculture and Natural Resources being allocated the sum of N13,506,848,000.00 for both capital and recurrent expenditures of the Ministry and its agencies, Ministry of Budgets and Planning is allocated the sum of N2,604,050,000.00 for its capital and recurrent expenditures of the Ministry and its agency, Borno State Bureau for Statistics.
Ministry of Education , Science , Technology and Innovation was allocated the sum of N39,435,468,000.00 for both capital and recurrent Expenditures, Ministry of Environment got the sum of N5,443,016,000.00 for its capital and recurrent expenditures.
The Borno State Environmental Protection Agency was allocated the sum of N1,262,028,000.00 for both capital and recurrent Expenditures, Ministry of Finance and Economic Development got the sum of N N53,808, 771,000.00 for its capital and recurrent expenditures including Borno State Internal Revenue Service, Borno state Debt Management Office (DMO), and the office of the Accountant-General.
Ministry of Health and Human Services was allocated the sum of N51,124,004,000.00 for its capital and recurrent expenditures, Ministry of Information and Internal Security got the sum of N9,673,715,000.00 for capital and recurrent expenditures of the Ministry and its agencies and Ministry of Inter-Governmental Affairs and Special Duties was allocated the sum of N3,601,321,000.00 for its capital and recurrent expenditures.
Others include Ministry of Justice was allocated the sum of N2,194,470,000.00 for both capital and recurrent Expenditures, Ministry for Local Government T and Emirate Affairs got the sum of N4,992,591,900.00 for both capital and recurrent Expenditures and Ministry of Reconstruction,, Rehabilitation and Resettlement was allocated the sum of N20,731,179,000.00 for both capital and recurrent expenditures in the 2024 fiscal year..
Ministry’ of Religious Affairs got the sum of N4,851,287,000.00 for both capital and recurrent Expenditures, Ministry Trade, Investment, and Tourism was allocated the sum of N3,427,130,000.00 for both capital and recurrent expenditures include its agencies. Ministry of Transport and Energy got the sum of N7,643,470,100.00 for both capital and recurrent expenditures of the Ministry and its agencies.
Ministry of Water Resources allocated the sum of N9,725,282,000.00 for both capital and recurrent expenditures and its agency,, Borno State Rural Water Supply and Sanitation Agency (RUWASSA), Ministry of Women Affairs and Social Development got the sum of N4,887,296,000.00 for both capital and recurrent expenditures.
Ministry of Works and Housing was allocated the sum of N45,445,019,000.00 for both capital and recurrent Expenditures, Borno State Housing Corporation got the sum of N10,496,549,000.00 for both capital and recurrent Expenditures, Ministry of Youths S, Sports ,and Poverty Y Alleviation got the sum of N4,758,350,000.00 for the Ministry and its agencies, Borno State Sport Council, Borno State El-Kanemi Warriors Football Club and Borno State Social Investment Agency.
Other breakdown include Borno State Office of the State Auditor General got the sum of N795,521,000.00 for both capital and recurrent expenditures, which covers Office of The Auditor-General for Local Governments and Borno State Audit Service Commission, Borno State House of Assembly got the sum of N3,743,585,000.00 for both capital and recurrent expenditures.
Borno State House of Assembly Service E Commission got the sum of N121,093,000.00 for both capital and recurrent Expenditures, Borno State Independent Electoral Commission was allocated the sum of N1,715,225,000.00 for both capital and recurrent Expenditures, Governors ’ Office, and Government House got the sum of N16,676,716,000.00 for both capital and recurrent expenditures.
Borno’ State Emergency Management T Agency (SEMA) got the sum of N2,802,114,000.00 for both capital and recurrent Expenditures, Borno State Public Procurement Bureau (BPP) got the sum of N201,759,000.00 for both capital and recurrent Expenditures abd Office of the Secretary Y to the State Government T (SSG) got the sum of N6,354,581,000.00 for both capital and recurrent expenditures.
Borno State Security Trust Fund the sum of N3,587,500,000.00 for both capital and recurrent Expenditures, Borno State Geographic Information Service (BOGIS) got the sum of N2,424,094,000.00 for both capital and recurrent expenditures. The State Urban Development Board was also allocated N655,720,000.00,
Borno State Pilgrim’s ’ Welfare Board got the sum of N1,340,494,000.00 for both capital and recurrent Expenditures abd Office of the Head of Service got the sum of N1,587,333,000.00 for both capital and recurrent expenditures of the Office of the Head of Service and Borno State Establishment Department.
