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Bayelsa budget focuses on infrastructure projects

18 December 2013, 10:08Augustine Osayande

Abuja - The Bayelsa State Governor, Seriake Dickson, has proposed a N299.2 billion budget for next year.

Presenting the Appropriation Bill to the State House of Assembly in Yenagoa, the Governor said the bill would be financed from a total revenue projection of N282.6 billion and capital receipts of N16.5bn.

He also restated his commitment to diversification from oil and gas sector.

Dickson said the budget was aimed at completing all the massive infrastructural projects being embarked upon and stimulate agricultural and industrial production, which according to the governor, would be private sector driven.

In his sectoral analysis, Works and Infrastructure top the chart with a budget proposal of N40.005bn. Agriculture, Education, Human Capital Development, Health, Public Utilities, Sports Development, Social Development and Women Empowerment, Information and Communications, Trade and Industry, Tourism, Transport and Housing and Urban Development also feature in the list.

The Governor stressed the need for fiscal discipline, adding that in compliance with the National chart of accounts, local public agencies were required to adhere strictly to approved budget provisions in the 2014 financial year.

“The Ministry of Budget and Economic Planning through the State Budget Office is hereby directed to ensure the realization of this lofty target. I demand quarterly reports in this regard. In addition, the Due Process bureau and the Directorate of Project Monitoring must work in concert to ensure that all the projects slated for completion are completed on schedule,” said Dickson.

– CAJ News


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